Despite the fact that in 2011 Italy will celebrate the 150th anniversary of its political unification, geographical disparities stand out as a prominent characteristic of the country. The paper estimates the trend of the cost-of-living differentials across regions in the half-century after the...

In Czech economic strategy for EU accession, the difference of price levels is often cited as an important topic for macroeconomic policy. However, the key task is the convergence of Czech Republic´s economic level (GDP per head) toward EU average. Convergence of the price level will be...