This chapter analyses the dynamics of regional disparities in the member states that joined the European Union in or after 2004, excluding Cyprus and Malta (EU11). The analysis shows that while differences between countries have been shrinking, regional disparities in GDP per capita and...

We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War era Space Race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending. Our results demonstrate that public R&D...

The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards. While the recently...