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This paper was commissioned by DG ECFIN from the EU Commission as part of the "EMU@10" project and is published in … Hungarian language by the permission of the EU Commission. The original English language version of the paper is available at …: http://ec.europa.eu/economy_finance/publications/publication_summary12103_en.htm . The paper discusses the risks and …
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We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady state level of income per capita. The impact of...
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The paper surveys the main trends of per capita income convergence in the European Union. It stresses that income … disparities have ceased to diminish across the European regions since 1980, although convergence between countries has continued … behind income convergence are analized by means of the decomposition of per capita income in labor productivity and …
Persistent link: https://www.econbiz.de/10005463756
This paper presents four case-studies of economies with developed regional policies; the European Union, Spain, Italy and Brazil. These cases have been chosen due to their relevance when studying regional problems in Colombia. Regional policy has performed relatively poorly in all cases since...
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