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What can the EMU's peripheral countries learn from regional growth?

Aiginger, Karl; Firgo, Matthias; Huber, Peter - 2013

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...

Persistent link: https://www.econbiz.de/10010424528

Implementing the golden rule for public investment in Europe : safeguarding public investment and supporting the recovery

Truger, Achim - 2015

Most parts of the Euro area have seen seven years of deep economic crisis. The strategy of tightening the fiscal constraints of the SGP has driven many member states into austerity. In contrast, the golden rule of public investment proposed in this study would be one important element of the...

Persistent link: https://www.econbiz.de/10011336549

Unconditional convergence in currency unions : an analysis of European regions from 1991 to 2009

Firgo, Matthias; Huber, Peter - 2013

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 … question the focus of the traditional literature on average (beta-)convergence and suggest substantial non-linearities in …

Persistent link: https://www.econbiz.de/10010424527

Remapping EMU : on the future construction of economic and monetary union

Ederer, Stefan; Weingärtner, Stefan - 2013

The economic crisis has laid open deficiencies in the construction of the European Economic and Monetary Union. At its foundation, it was assumed that monetary integration would reduce the likelihood of asymmetric shocks. The crisis shows, however, that endogenous mechanisms may even amplify...

Persistent link: https://www.econbiz.de/10010426663