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This paper investigates the patterns and determinants of the co-movement of economic activity between regions in the European Union and the Euro Area. Using a panel data of 208 EU-15 regions over the period 1989-2002 we estimate a system of four simultaneous equations to analyse the impact of...
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The objective of this paper is to contribute to the development of an evidence-based system to monitor progress towards the European Research Area (ERA) and a knowledge-based economy. We start with an overview of existing theory and empirical evidence on the role of international technology...
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The European Single Market has been a major driver of enhanced attractiveness of EU countries to foreign direct investment (FDI). Higher FDI by multinational firms in EU countries has fostered productivity and employment growth and has also generated wider benefits to host economies via...
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