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We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … differences with respect to the EU and trade specialization within the EU framework. Our results show that both fiscal policy and … adequacy of potential future EMU countries and the need for a broad agreement concerning fiscal policy at the EU level. …
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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...
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