Following the relatedness literature, we explore to what extent related industries influenced the regional emergence of the PV-industry. In addition, we shed light on factors explaining selective processes of clustering. We particularly argue that generic resources and resources of related...

The European Commission follows a harmonized approach for calculating structural (potential) output for EU member states that takes into account labor as an important ingredient. This paper shows how the recent huge migrants inflow to Europe affects trend output. Due to the fact that the...

New EU member countries are supposed to adopt the Euro as soon as economic convergence is achieved. This paper analyzes the effects of joining a monetary union on output and inflation variability in small acceding countries. An asymmetric macroeconomic two-country model is specified and combined...