In the European political discourse, the potentially vast economic benefits derived from the European Union are taken for granted. In the academic debate, these economic benefits, even if measured in terms of GDP per capita growth, are much less consensual. There are severe methodological...

This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the...

In this paper, we analyse the relationship between international trade and economic growth in an unbalanced panel of 20 European countries in a long-term perspective, since the mid-19th century to present days, differentiating between the periods before and after the start of the Second World...

We revisit Western Europe's record with labor-productivity convergence and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...

Economic growth is a frequently analyzed aspect, both from theoretical and empirical standpoint, under the impact of the influence factors, while the issue of economic growth was studied by applying different methods and obtaining different results. In the case of EU28, the problem of economic...

The time distance methodology used offers a new perspective to the problem, an additional statistical measure, and a presentation tool for policy analysis and debate readily understood by policy makers, media and general public. Disparity between the analysed transition economies and EU...

A plethora of work has been done on the effectiveness of foreign aid. However, virtually none of the previous studies has investigated the impact of aid on social cohesion. Yet, in order to promote the achievement of the targets in SDG 16, donors and global partners of developing countries have...

Previous research shows that technical progress at the industry level, measured by sectoral TFP growth, is more localized in continental European countries than in Anglo-Saxon coun-tries. We use EU KLEMS data sets to decompose sectoral TFP for nine European countries by means of a Malmquist...

This paper investigates the impact of ICT- and non-ICT capital, and of labour at different skill levels, on productivity and employment in the financial intermediation sector of twelve EU member countries plus the US and Japan. A stochastic possibility frontiers (SPF) approach is applied to...

The ICT-based techno-economic paradigm shift was sharpened by income inequalities in all over the world. The economic performance of USA and Europe were seemed to more different thanks to global economic events. The main purpose of this study is to estimate various macroeconomic variables such...