We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model with spatial correlation indicate that the relevance of common business cycle factors is rather stable over the past two decades in the euro area and the US. Ongoing business...

This article examines the dynamic between the process of Bulgaria’s European Union accession and the flow of Foreign Direct Investments to the country in its industrial base. A critical differentiation between speculative and non-speculative FDI is drawn while determining that the geographic...

The article attempts to locate the contested notion of work–life balance within the context of global trends and recent policy developments. It describes a small-scale qualitative study of work–life balance as it is experienced within a low-income neighbourhood in the UK. The study findings...

The Great Aid Debate pits those who are radically opposed to foreign aid against those who champion its reform to achieve greater aid effectiveness. This paper offers an analysis of this debate by introducing a heuristic distinction between aid 'radicals' and aid 'reformers'. The radical...

The economic crisis and the threat of default have had significant repercussions on the Greek political system. The handling of the crisis by the new PASOK government has led to a new political and has added new problems to the party system. The purpose of this paper is twofold: First, to trace...

Drawing on the existing literature on national saving and investment we attempt to identify and empirically analyze the main drivers of Greece’s current account position in recent decades and, especially, in the years following the euro adoption. Our results seem to provide broad-based support...

This paper is concerned with the influence of agglomeration economies on economic outcomes across British regions. The concentration of economic activity in one place can foster economic performance due to the reduction in transportation costs, the ready availability of customers and suppliers,...

Genuine saving measures net investment in produced, natural and human capital. It is a necessary condition for weak sustainable development that genuine saving not be persistently negative. However, according to data provided by the World Bank, resource-rich countries are systematically failing...