This study examines the influence of social capital, intellectual capital, resource rents, and investment capital on the economic performance of the 18 member states of the European Union from 2005 to 2022. Principal component analysis and factor analysis are employed to construct composite...

This study characterizes optimal policy in an endogenous growth model where heterogeneous individuals choose between entering the workforce as unskilled labor or pursuing education to become skilled. In the decentralized economy, monopolists produce goods using both labor types. They purchase...

Cohesion Policy (CP) is the European Union's main instrument to address regional disparities and promote convergence. Yet, over the past two decades, spatial inequalities within the Union have widened, raising concerns about the effectiveness of CP and its ability to confront the structural...