Growth and Inflation Disparities in Corridor V

Dino Martellato

No 2006_19, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: The paper offers a brief discussion about the role of transport infrastructure in the current growth strategy followed by the EU. As a corridor is the locus where transport infrastructure and growth should interact more effectively, the central part of Corridor V is considered as an interesting case study. A growth scenario for eight countries is provided to show that wide growth disparities are to be expected during the next decade. The final part of the paper speculates about inflation differentials that are likely to emerge when growth differentials tend to persist inside a monetary union. As the Euro zone will be enlarged to host fast-growers in Corridor V such as Slovenia (maybe as soon as 2007), Hungary and the Slovak Republic, growth differentials and the single monetary policy could make it difficult to deliver a common monetary environment.

Keywords: Growth, money demand; inflation; infrastructure, European Union (search for similar items in EconPapers)
JEL-codes: E31 E47 H54 O47 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2006
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Journal Article: Growth and Inflation Disparities in Corridor V (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2006_19

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