Baumol's law and Verdoorn's regularity

Article Abstract:

A study was conducted to determine whether the laws of Verdoorn and Baumol serve as appropriate theoretical framework to interpret developments of prices, output, wages and employment in the manufacturing industry and services sector in the Netherlands. Results support the premises of Baumol's theory, which means that there is a systematically changing development of labor productivity in the manufacturing industry and services sector as the wage rates in both sectors follow. However, Verdoorn law was found to be valid only under specific assumptions.

Service Industries, Manufacturing industry, Manufacturing industries, Services industry

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Wealth and the demand for money: empirical evidence for The Netherlands and Belgium

Article Abstract:

Wealth or income has an influence on the demand for money as verified by a research conducted in The Netherlands and Belgium. The research revealed that the velocity of money, which refers to the inverse of liquidity ratios, depends on wealth as seen in The Netherlands wherein growth in wealth corresponds to an increase in liquidity ratios. In Belgium, however, the rise in liquidity ratios is not related to the wealth-income ratio and so interest and inflation rates must be considered for monetary development.

Belgium, Wealth, Money demand

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International convergence of capital market interest rates

Article Abstract:

An analysis of international capital market interest rate convergence reveals that interest rates within the European Union are still converging and that the increase in convergence for free float countries occurred abruptly around 1980. The study also reveals that, for free float countries, the rate of convergence after 1980 remained roughly constant with US long term interest rates on German interest rates undetectable.

International aspects, Surveys, Interest rates, Capital market, Capital markets, Monetary policy

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