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A comparison of regional differentials in the European Community and the United States

In: Improving Economic and Social Cohesion in the European Community

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  • Andrea Boltho

Abstract

As has often been noted, the United States and the European Community share a number of common economic features. First and foremost are size and living standards. The population of the United States at the beginning of this decade was about 250 million, as against a European Community figure of some 325 million (270 million if Greece, Portugal and Spain are excluded). Total output, expressed in purchasing-power parities, differed marginally between the $5,400bn of the United States and the EC’s $5,100bn, though GDPs per capita, at $21,400 and $15,600 respectively, differed more substantially. Both areas displayed relatively limited openness to foreign trade (once intra-Community exchanges are excluded from the EC data). The share of each in merchandise exports and imports in total output was 17–18%.1

Suggested Citation

  • Andrea Boltho, 1994. "A comparison of regional differentials in the European Community and the United States," Palgrave Macmillan Books, in: Jørgen Mortensen (ed.), Improving Economic and Social Cohesion in the European Community, chapter 4, pages 41-53, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23438-7_4
    DOI: 10.1007/978-1-349-23438-7_4
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    Cited by:

    1. Marco Leonardi, 1997. "Regional Adjustment to Employment Shocks: Italy 1960-1994," Working Papers 16, University of Milano-Bicocca, Department of Economics, revised Sep 1998.

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