Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and … process of convergence. We find that in a general equilibrium setting fears of large adverse effects of a relocation of EU-15 …

positive than in market economies. Over time, this difference has vanishes. Convergence can be attributed to changing believes …

The literature on growth theory is rich with models attempting to explain growth differences among countries. Several … variables have been proposed many of which were found to be positively related to growth. However, a major problem with these … models is that the factors explaining growth are endogenously determined by their environment so that a slow-growing or a …

This paper deals with the debt-growth relationship using several time-series tools. The idea is to find out whether the …

This paper deals with the slowdown of economic growth in Europe. For that purpose, we focus on factors that affect the … long-run growth path of different economies. Special emphasis is paid to institutional and structural factors that are … often assumed to affect aggregate growth: functioning of labor markets, availability of labor and capital, and the size of …

on regional economic indicators, such as income per capita, poverty, child mortality, and luminosity. Our findings show …