[From the Introduction]. In the early 1980s, awareness grew of the important role that R&D plays in the process of economic growth. As a result of this, both the policy makers and academia institutionalised the idea that "technological development had a significant impact on the growth in...

We present a game that first models the relationship among a population, a government and a watchdog. The focus is on the incentives that the government faces when making fiscal policy decisions. The population has incomplete information about the type of government that is in office, but an...

This Policy Brief was adapted from a paper written by the three authors and presented by Bruegel Director Jean Pisani-Ferry at the informal ECOFIN Council meetings in Gothenburg, Sweden, on 1 Oct. In the brief, the authors argue that bank recapitalisation and restructuring should be a matter of...

We present a game that first models the relationship among a population, a government and a watchdog. The focus is on the incentives that the government faces when making fiscal policy decisions. The population has incomplete information about the type of government that is in office, but an...

This paper assesses whether disparities in regional public infrastructure endowments can explain regional disparities in labor productivity among European regions. Using a large sample of European regions, I distinguish the effects of overall infrastructure endowment from the effect of three...

The aim of this paper is to assess the impact of structural funds on the convergence process of 145 European regions over 1989-1999. With the aim or enhancing cohesion, these funds are primarily allocated to the least developed regions. The most important part of these funds is devoted to...

The aim of this paper is to assess the impact of structural funds on the convergence process of 145 European regions over 1989-1999. With the aim or enhancing cohesion, these funds are primarily allocated to the least developed regions. The most important part of these funds is devoted to...

This paper assesses whether disparities in regional public infrastructure endowments can explain regional disparities in labor productivity among European regions. Using a large sample of European regions, I distinguish the effects of overall infrastructure endowment from the effect of three...

Small and Medium Enterprises (SME) are the backbone of Europe’s economy: there are 23 million SMEs in Europe representing around 99% of all undertakings, and 57% of them are sole proprietorships. They provide two thirds of total private-sector employment, represent 80% of the total job...

Small and Medium Enterprises (SME) are the backbone of Europe’s economy: there are 23 million SMEs in Europe representing around 99% of all undertakings, and 57% of them are sole proprietorships. They provide two thirds of total private-sector employment, represent 80% of the total job...