Recently, the EU Council adopted a new labour migration policy instrument - the EU Blue Cards (BC) - for attracting the highly skilled workers to the EU. The present paper examines the potential impacts, which BC may cause on less developed sending countries (LDC). Our results suggest that the...

The Directorate General for Research and Innovation of the European Commission commissioned Deloitte and RAND Europe to undertake a study with the aim to better understand the impact of public policy on innovation. In particular, the objective of the study is twofold: enhance the evidence base...

This paper combines three prototype endogenous growth models, the models with human capital accumulation introduced by Uzawa [1965] and Lucas [1988], variety expansion by Romer [1990], and quality improvements by Aghion and Howitt [1992], in order to investigate how these three engines of growth...