The World Bank (WB) has described the European Union (EU) as a convergence machine, and the real and institutional convergence has been achieved for a long period of time, and EU’s cohesion policy, alongside the Recovery and Resilience Facility (RRF), remains crucial for driving reforms and...

The present study examines how policy makers should consider the quality of institutional framework to reduce the productivity gap and increase a country's ability to absorb superior technologies developed elsewhere. This paper analyzes the impact of components of economic freedom, such as the...