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Regional convergence from local isolated actions : I historical outcomes

By Danny Quah

Abstract

This paper documents the dynamics of growth and convergence across regions in the Cohesion countries, comparing them to patterns across countries in the world, regions in Europe and more broadly, and regions in non-Cohesion EU member states. Among the Cohesion economies, Spain and Portugal have, in aggregate, grown fastest, and with greatest increase in regional inequalities. Their dynamic tendencies, if unchecked, will magnify what has occurred over the 1980s. By contrast, Greece shows the opposite: its aggregate growth has been slowest; its regional inequalities, smallest; and further tendency towards increasing equality, greatest. Increase in disparity between rich and poor across either countries in the world or broader regional aggregates in Europe as a whole

Topics: HC Economic History and Conditions, HB Economic Theory
Publisher: Centre for Economic Performance, London School of Economics and Political Science
Year: 1997
OAI identifier: oai:eprints.lse.ac.uk:2195
Provided by: LSE Research Online
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