How have labor market institutions and welfare-state transfers affected jobs and productivity in Europe? Many studies have tackled this question, with mixed results. This paper proposes an eclectic approach and gives a clearer answer to the issue. Orthodox criticisms of European government...

How have labor market institutions and welfare-state transfers affected jobs and productivity in Western Europe, relative to industrialized Pacific Rim countries? Orthodox criticisms of European government institutions are right in some cases and wrong in others. Protectionist labor-market...

(WP 15/03 Clave pdf) Some articles lately have hypothesized about IT being a commodity from which firms cannot extract a true competitive advantage anymore. Therefore, according to those authors, the competitive edge would be now in carefully managing IT to reduce costs and avoid overspending....