Regional income and labour market disparities in Poland are characterised by three dimensions: the gap between the western and the eastern parts of the country, the privileged position of the capital region and rising differences between rural and urban regions. Disparities in labour markets are...

Capital quality improvement is a general phenomenon. Therefore quality correction is needed in price indexes. There is substantial evidence of biases in the official price indexes of capital equipment. We apply to euro area statistics estimates of these biases based on US data thus deriving...

This paper analyses the impact of productivity developments in the United States and the euro area on the euro-dollar exchange rate. The paper presents a new measure of relative average labour productivity (ALP), which does not suffer from the biases implicit in readily available relative ALP...

The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many of the considered variables need to be excluded from...

Banks do not charge explicit fees for many of the services they provide but the service payment is bundled with the offered interest rates. This output therefore has to be imputed using estimates of the opportunity cost of funds. We argue that rather than using the single short-term, low-risk...

The global objective of this study is to assess the actions and initiatives in the field of civil protection in the Caribbean, in order to promote, enhance and reinforce regional cooperation between European Overseas Countries and Territories (OCTs), Outermost Regions (ORs) and the countries...

This Ex-post Evaluation Report has been prepared by the MWH Consortium between August and October 2005, and reflects the situation of the Phare assistance provided through the Sigma multi-beneficiary programmes between 1996 and 2004. It examines the performance of Sigma in addressing the...

The paper looks at the EUu0092s infrastructure after the latest enlargement round. It states that the new EU members have to narrow the distance to the u0091oldu0092 members in order to improve the competitiveness of their companies and the living conditions of the populace. At the same time,...