With the shift from a socialist economy to a state-controlled market economy, China's tax system has been restored as the primary source of government revenue. Superficially, the system of income and consumption taxes has become increasingly aligned with conventional norms and practices applied...

This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021. It finds that the COVID-19 crisis temporarily slowed convergence but the estimated negative impact is significantly smaller than during the global financial crisis. Diverging...