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Williamson (1965) argued that catching up countries experiencing strong national growth tend also to see a widening in regional disparities, whereas in more developed economies strong national growth and falling regional disparities could go hand in hand. We find some evidence of a trade-off...
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The authors revisit Western Europe's record with labor-productivity convergence and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and...
Persistent link: https://www.econbiz.de/10010263335
Economic performance in developed economies diverged in the nineties, with some countries enjoying high growth in output and accelerating growth in productivity. Ireland excelled in many respects and some Nordic European countries recovered from a serious crisis and successfully regained strong...
Persistent link: https://www.econbiz.de/10011435136
This paper analyses the effects of previous enlargements of the European Union on the regional structure of production. Focusing on regional development five years before and seven years after integration, we find relatively small and heterogeneous effects. For the addition of Greece a robust...
Persistent link: https://www.econbiz.de/10011435209
Nowadays many developing countries focus on economic policies for promoting international tourism and exports expansion as a potential source of economic growth of the country. However, the understanding of the relationship between exports and economic growth is still ongoing. When treating the...
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