The fiscal sustainability is one of the important issues of the financial and fiscal policy of a country. However, that is not enough for its economic development and for improving the living standard where a higher level of economic growth is needed in order to achieve them. The crucial point...

We use book translations as a new measure of international idea flows and study the effects of Communism's collapse in Eastern Europe on these flows. Using novel data on 800,000 translations and difference-in-differences approaches, we show that while translations between Communist languages...

The big picture issue this paper intends to address is on the incentive aspects of a multilateral trade liberalization. The paper builds on a framework originally introduced in Grossman and Helpman's The Politics of Free-Trade Agreements (1995). The aim of that work was to explain the viability...

A parsimonious search and matching model of the labor market with endogenous separation is embedded in a North-North intermediate goods trade framework. International product market integration leads to redistribution of market shares from 'weak' to 'strong' firms within an industry, implying...

The dramatic decline in the actual output of the European economy is considered to be more than a cyclical discrepancy from the potential output. Both the level and the growth rate of the potential output show an unfavourable development. It is an important task of economic research to identify...

Timely deliveries have become more important in international trade in the recent decades, mostly because of the spread of international production fragmentation. This paper provides empirical evidence on the cost of time in trade by looking at how faster trade within the European Union (EU)...

This research proposes that the geographical distance from the location of the pre-industrial technological frontier has a non-monotonic and persistent effect on development. While remoteness from this frontier diminished imitation, it fostered the emergence of a culture conducive to innovation...

In a recent model Markusen and Venables (1999) describe the conditions under which foreign direct investments (FDI) can act as a catalyst for local industrial development. We apply this framework to the case of Poland, allowing for the entry of multinationals in both intermediate and consumption...

Emerging countries have been winning large market shares since the early 1990s. Among these, China stands out with the most remarkable performance: it almost tripled its world market share becoming a leading exporter, second only to EU 27. Products exported by China incorporate, however, a large...

The internal migration flows from the Italian Mezzogiorno to Central and Northern Italy have recently begun to increase once more. The idea suggested in this article is that the intensification of internal migration in Italy can be associated with a twofold dynamics residing in the significant...