This paper studies a stability notion and matching processes in the job market with incomplete information on the workers' side. Each worker is associated with a type, and each firm cares about the type of her employee under a match. Moreover, firms' information structure is described by...

Countries pass through different stages of structural transformation. In the early stage of development, economic activity is dominated by agriculture and mining. As a country develops, firms adopt new technology and move toward industrialization and faster economic growth. Eventually, the...

This chapter analyses the dynamics of regional disparities in the member states that joined the European Union in or after 2004, excluding Cyprus and Malta (EU11). The analysis shows that while differences between countries have been shrinking, regional disparities in GDP per capita and...

This chapter analyzes the sources of Poland's unprecedented economic performance after 1989, when Poland became Europe's and the world's growth champion. I argue that this growth miracle was driven by five fundamental factors, including Poland’s accession to the European Union. All five...