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A Development Club and Groupings in Europe, and Growth Strategies

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  • Marjan Senjur

    (Faculty of Economics, University of Ljubljana, Kardeljeva ploscad 17, 1000 Ljubljana SI-Slovenia.)

Abstract

The concept of development clubs and groupings is defined. A development club comprises a group of countries at similar levels of per capita income, which are converging to a common steady state, and that have similar growth patterns. There is only one development club in Europe. It consists of the economies from the core of Western Europe. Other European countries can be grouped into two or three additional groupings according to certain similar characteristics, yet they do not form development clubs. The dynamics of development groupings are also considered. Finally, some applications and implications for growth strategies are indicated. Comparative Economic Studies (2007) 49, 660–682. doi:10.1057/palgrave.ces.8100222

Suggested Citation

  • Marjan Senjur, 2007. "A Development Club and Groupings in Europe, and Growth Strategies," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 49(4), pages 660-682, December.
    • Handle: RePEc:pal:compes:v:49:y:2007:i:4:p:660-682
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    Cited by:

    1. Marjan Senjur, 2010. "Differential inflation, Phillips curves, and price competitiveness in a new euro-member country," Economic Change and Restructuring, Springer, vol. 43(4), pages 253-273, November.
    2. Marjan Senjur, 2012. "A competitive growth of a small midle-income country in the eurozone is far to be assured," International Economics and Economic Policy, Springer, vol. 9(3), pages 213-233, September.

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