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Regional Convergence In The European Monetary Union

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  • Filip ABRAHAM
  • Paul VAN ROMPUY

Abstract

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 requires to cope with adverse economic shocks. The last part of the paper estimates the reponse or regional labor income to region‐shape and national shocks.

Suggested Citation

  • Filip ABRAHAM & Paul VAN ROMPUY, 1995. "Regional Convergence In The European Monetary Union," Papers in Regional Science, Wiley Blackwell, vol. 74(2), pages 125-142, April.
    • Handle: RePEc:bla:presci:v:74:y:1995:i:2:p:125-142
    DOI: 10.1111/j.1435-5597.1995.tb00632.x
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    Cited by:

    1. Marelli, Enrico, 1999. "Convergence and asymmetries in the employment dynamics of the European regions," ERSA conference papers ersa99pa120, European Regional Science Association.
    2. Roberto Ezcurra & Carlos Gil & Pedro Pascual & Manuel Rapun, 2005. "Inequality, Polarisation and Regional Mobility in the European Union," Urban Studies, Urban Studies Journal Limited, vol. 42(7), pages 1057-1076, June.
    3. Yannis M. Ioannides & George Petrakos, 2000. "Regional Disparities in Greece and the Performance of Crete, Peloponnese and Thessaly," Discussion Papers Series, Department of Economics, Tufts University 0008, Department of Economics, Tufts University.
    4. Blum Ulrich, 2003. "Borders Matter! - Regional Integration in North America / Grenzen sind bedeutsam! - Regionale Integration Nordamerika," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 223(5), pages 513-531, October.
    5. Temel, Tugrul, 2011. "Are the U.S. farm wages equalizing? Markov chain approach," MPRA Paper 31930, University Library of Munich, Germany.
    6. Esteban, J., 2000. "Regional convergence in Europe and the industry mix: a shift-share analysis," Regional Science and Urban Economics, Elsevier, vol. 30(3), pages 353-364, May.
    7. LE GALLO, Julie & ERTUR, Cem, 2000. "Exploratory spatial data analysis of the distribution of regional per capita GDP in Europe, 1980-1995," LATEC - Document de travail - Economie (1991-2003) 2000-09, LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS UMR 5118, Université de Bourgogne.
    8. Roberto Esposti, 2008. "Regional growth convergence and EU policies: Empirical evidence and measuring problems," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 9(1), pages 14-22, April.
    9. Martin Hallet, 1998. "The regional impact of the single currency," ERSA conference papers ersa98p27, European Regional Science Association.
    10. Kristian Behrens & Frédéric Robert‐Nicoud, 2009. "Krugman's Papers in Regional Science: The 100 dollar bill on the sidewalk is gone and the 2008 Nobel Prize well‐deserved," Papers in Regional Science, Wiley Blackwell, vol. 88(2), pages 467-489, June.
    11. Abraham, Filip, 1996. "Regional adjustment and wage flexibility in the European Union," Regional Science and Urban Economics, Elsevier, vol. 26(1), pages 51-75, February.
    12. Paul Evans, 1998. "Income Dynamics in Regions and Countries," Working Papers 98-09, Ohio State University, Department of Economics.
    13. Iglesias, Ana & Frias, Isidro & Vazquez, Emilia, 1997. "The future of EU regional employment after Maastrich," Economic Development 17, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    14. Jose Castro Caldas & Manuel Mira Godinho & Ricardo Paes Mamede, 2009. "Simulating the prospects of technological catching up," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(6), pages 565-586.
    15. Enrique Lopez Bazo & Esther Vaya Valcarce & Antonio Jose Mora & Jordi Surinach Caralt, 1997. "Regional economic dynamics and convergence in the european union," Working Papers in Economics 12, Universitat de Barcelona. Espai de Recerca en Economia.
    16. Stefania BUSSOLETTI & Roberto ESPOSTI, 2004. "Regional Convergence, Structural Funds and the Role of Agricolture in the EU. A Panel-Data Approach," Working Papers 220, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    17. Blum, Ulrich, 2001. "Borders matter!: Regional integration in Europe and North America," Dresden Discussion Paper Series in Economics 08/01, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.

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