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need for social policies at the EU level. Social harmonisation would distort migration flows and slow down the speed of …
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We analyze the relationship between institutional quality and firm efficiency. Using rich data on firms in the European Union between 2005 and 2012, we show that high institutional quality lowers the share of persistently inefficiently used assets. The adverse effect of low institutional quality...
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The paper studies the role of international implications after EU enlargement. Based on a formal model with migration … costs for both capital and labor, it predicts a two-sided migration from the new to the old EU countries which is later …
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The rapid journey from central planning to EU (euro area) membership stress-tested the social learning processes of the … EU, spurred major reform waves and led to the very rapid introduction of best-practice institutions. Although social … institutions played a dominant role in shaping the transition process. Along with the EU accession process, the EU acted as a …
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