Techniques for the analysis of spatial data have advanced rapidly over the recent years, allowing new insights to be gained about the distribution and inter-connectedness of socio-demographic and economic outcomes across space. With the advancement of spatial econometrics a large empirical...

The economic crisis in Greece has affected almost all sectors of economy and the great majority of households. Its effects in trade and commerce activities are visible by the obvious transformation of down-town Athens city centre. This transformation includes a great number of closing business...

Inequalities across regions in Europe are a matter of great interest to policy makers and politicians as well as members of the general public. Numerous studies have shown that income inequalities across European regions are large and persistent (Quah, 1996; Esteban, 2000). Interestingly, the...

Does employment flexibility facilitate cross-regional adjustments via labour mobility? Or is it instead a hinderance to cross-regional equilibration in the labour market? We examine this, drawing on a sample of 11 European countries belonging to different 'varieties' of European capitalism. We...

Since the onset of the sovereign debt crisis, the crisis-stricken countries in Europe have been pushed to take drastic steps to consolidate their finances and reduce their budget deficits. Despite strong public opposition and largely damaging short-run effects, the countries have undertaken many...

There is a widespread perception among the public and policy-makers that EMU carries one-way pressures for enhanced flexibility in the labour market. We discuss the theoretical basis of this by examining four mechanisms through which the establishment of the common currency and the functioning...

High and persistent external imbalances have become a key concern in the global economy, particularly after the Global Financial Crisis. The issue is particularly pertinent in Europe, as it poses challenges not only for its economic cohesion but also for its political coherence and the viability...