What Can the EMU's Peripheral Countries Learn From Regional Growth? WWWforEurope Policy Paper No. 7
Karl Aiginger,
Matthias Firgo and
Peter Huber
in WIFO Studies from WIFO
Abstract:
The experiences of 259 regions in 21 European countries with within country GDP per capita and labour productivity growth suggest that variables associated with pro-active, growth oriented strategies are consistently more important predictors of successful regional development than variables related to austerity for a range of measures of successful development. Since regions are the only historical examples of restructuring in currency unions, we therefore also argue for a more growth oriented strategy to solve the problems of the European periphery and outline some features of such a strategy.
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wstudy:47011
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