Policymakers around the world are encouraging the local production of key inputs to reduce risks from excessive dependencies on foreign suppliers. We analyse the macroeconomic effects of supply chain reorientation through localisation policies, using a global dynamic general equilibrium model....

Entrepreneurship is a key driver of jobs and innovation. This paper examines the prevalence of entrepreneurship across Europe and characteristics of those who become entrepreneurs. We place a particular focus on the distinction between opportunity and necessity motivations for becoming...