We analyze unconditional within-country convergence from 1991 to 2009 in 21 European countries. Unlike most previous studies we focus on the heterogeneity of convergence. We find that convergence processes in currency unions are extremely heterogenous, highly discontinuous and strongly...

Regional policy arrangements are extremely complicated and there are various basic constituents for regional economic development such as accession the economic core, competitiveness in leading sector, capital and labour accumulation to be taken hold by regions. As the scope of this paper in...