What Can the Emu's Peripheral Countries Learn from Regional Growth?

MENDELU Working Papers in Business and Economics 2013-42,

21 Pages Posted: 28 Jan 2014

See all articles by Peter Huber

Peter Huber

Austrian Institute of Economic Research (WIFO); Mendel University in Brno

Matthias Firgo

Austrian Institute of Economic Research (WIFO)

Karl Aiginger

Austrian Institute of Economic Research (WIFO)

Date Written: December 4, 2013

Abstract

The experiences of 259 regions in 21 European countries with within country GDP per capita and labour productivity growth suggest that variables associated with proactive, growth oriented strategies are consistently more important predictors of successful regional development than variables related to austerity for a range of measures of successful development. Since regions are the only historical examples of restructuring in currency unions, we therefore also argue for a more growth oriented strategy to solve the problems of the European periphery and outline some features of such a strategy.

Keywords: convergence, within-country growth, peripheral countries

JEL Classification: O52, R11, R58

Suggested Citation

Huber, Peter and Firgo, Matthias and Aiginger, Karl, What Can the Emu's Peripheral Countries Learn from Regional Growth? (December 4, 2013). MENDELU Working Papers in Business and Economics 2013-42,, Available at SSRN: https://ssrn.com/abstract=2385901

Peter Huber (Contact Author)

Austrian Institute of Economic Research (WIFO) ( email )

P.O. Box 91
Wien, A-1103
Austria

Mendel University in Brno ( email )

Zemedelska 1
Brno, South Moravia 61200
Czech Republic

Matthias Firgo

Austrian Institute of Economic Research (WIFO) ( email )

Arsenal Objekt 20
Wien, 1030
Austria
+43-1-7982601-471 (Phone)

Karl Aiginger

Austrian Institute of Economic Research (WIFO) ( email )

P.O. Box 91
Wien, A-1103
Austria

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