What can the EMU's peripheral counties learn from regional growth?

Karl Aiginger, Matthias Firgo and Peter Huber

No 2013-42, MENDELU Working Papers in Business and Economics from Mendel University in Brno, Faculty of Business and Economics

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.

Keywords: convergence; within-country growth; peripheral countries (search for similar items in EconPapers)
JEL-codes: O52 R11 R58 (search for similar items in EconPapers)
Pages: 21
Date: 2013-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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