The recent increase in R&D offshoring have raised fears that knowledge and competitiveness in advanced countries may be at risk of ‘hollowing out'. At the same time, economic research has stressed that this process is also likely to allow some reverse technology transfer and foster growth at...

This paper uses panel data for 116 countries over the period 1995-2016 to investigate the heterogeneity of the debt-growth nexus across countries and the factors underlying it. In the first step, the grouped fixed effects (GFE) estimator proposed by Bonhomme and Manresa (2015) is used to...

This study suggests a two-step approach to identifying and interpreting regional convergence clubs in Europe. The first step calculates Bayesian probabilities for various assignments of regions to two clubs using a general stochastic space-time dynamic panel relationship between growth rates and...

This paper uses panel data for 116 countries over the period 1995-2016 to investigate the heterogeneity of the debt-growth nexus across countries and the factors underlying it. In the first step, the grouped fixed effects (GFE) estimator proposed by Bonhomme and Manresa (2015) is used to...

This study empirically investigates the existence or not of Environmental Kuznets Curve (EKC) hypothesis in Nordic and Non-Nordic European countries, with carbon dioxide emissions (and ecological footprint for robustness tests) as proxy of environmental quality. The data are spanning from the...

Many structural changes have occurred in the European Union countries, for example, there have been changes in sectoral employment share, in the demand of goods due to technology, in trade patterns and in technology. These structural changes may affect the process of convergence. Most of the...

Due to the lack of Purchasing Power Parities (PPPs) at regional level, regional Gross Domestic Product (GDP) figures have been traditionally adjusted using national PPPs. The simplifying assumption that all regions of a country have the same cost of living, and implicitly that there are no...

This paper studies the convergence process within the European Union of the new entrants from Central and Eastern Europe and of the 15 Western countries. We highlight the existence of heterogeneity in the European Union and show that new entrants and former members of the European Union can be...

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...

We investigate country heterogeneity in cross-country growth regressions. In contrast to the previous literature that focuses on low-income countries, this study also highlights growth determinants in high-income (OECD) countries. We introduce Iterative Bayesian Model Averaging (IBMA) to address...