London School of Economics and Political Science. Centre for Economic Performance
Abstract
This paper develops an empirical procedure to assess alternative explanations for differing patterns of growth and convergence. It finds that positive spatial spillovers account for a large part of inequality dynamics across Europe as a whole, the Cohesion economies (Greece, [Ireland]. Spain. Portugal), and selected non-Cohesion EU member states. The analysis shows that when the Cohesion economies see their incomes increase and experience higher tendencies towards greater equality, so will the non-Cohesion economies of France, Italy and the UK experience similar outcomes: moreover it is the relatively poor non-Cohesion economies that will benefit most from improving conditions in the Cohesion economies
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