This paper aims to provide new insights into the well-studied phenomenon of knowledge spillovers. We study one of the main mechanisms through which these spillovers occur, that is, the mobility of highly-skilled individuals. In contrast to earlier studies, we focus on the geographical mobility...

It is commonly believed that a fiscal expansion raises interest rates. However, these crowding out effects of deficits have been found to be small or non-existent. One explanation is that financial integration offsets interest rate differentials on globalised bond markets. This paper measures...

The main aim of the present study is to analyze the drivers of innovation adoption by (i) developing proper measures able to proxy for innovation adoption and internal market regulations, (ii) identifying the channels through which innovation adoption takes place and (iii) assessing the main...

The main aim of this study is to assess the feasibility of empirical tools to study the impact of structural reforms on the macroeconomic performance in the member countries of the European Union (EU). This report presents the results of the project "Study on the feasibility of a tool to measure...

In the Europe 2020 Strategy, the Member States and the European Commission recognised that increasing innovation is a key to respond to the challenge offered by globalisation and more specifically by the crisis. According to the Strategy, "The crisis has wiped out years of economic and social...