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Title: Regional convergence in the European Monetary Union
Authors: Abraham, Filip ×
Van Rompuy, Paul #
Issue Date: Apr-1995
Publisher: Regional sci assoc int,
Series Title: Papers in regional science vol:74 issue:2 pages:125-142
Abstract: This paper analyzes the effects of European Monetary Union (EMU) on regional convergence. First, information is provided about the magnitude and the evolution of regional disparities. Subsequently, the relation between economic integration and long-run regional convergence is discussed. Third, regional convergence is shown to be dependent on flexible regional adjustment to changing economic conditions. In the transition to and in the final stage of EMU, sufficient regional wage flexibility will be required to cope with adverse economic shocks. The last part of the paper estimates the response of regional labor income to region-specific and national shocks.
ISSN: 1056-8190
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center of International Economics @ Leuven
Research Center of Public Economics @ Leuven
× corresponding author
# (joint) last author

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