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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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Citations: View citations in EconPapers (5)

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