The European integration process started with the aim of reducing the differences in income and/or living standards between the participating countries over time. To achieve this, a certain alignment of institutions and structures was seen as a necessary precondition. While the goal of this...

There is an ongoing debate within the economic growth and development literature whether institutions or human capital are more decisive for explaining differences in economic performance across countries. Our study adds further arguments to this discussion by focusing on 35 European countries....

The European integration process started with the aim of reducing the differences in income and/or living standards between the participating countries over time. To achieve this, a certain alignment of institutions and structures was seen as a necessary precondition. While the goal of this...