Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125634
Authors: 
Aiginger, Karl
Firgo, Matthias
Huber, Peter
Year of Publication: 
2013
Series/Report no.: 
WWWforEurope Policy Paper 7
Abstract: 
The experiences of 259 regions in 21 European countries with within country GDP per capita and labour productivity growth suggest that variables associated with pro-active, growth oriented strategies are consistently more important predictors of successful regional development than variables related to austerity for a range of measures of successful development. Since regions are the only historical examples of restructuring in currency unions, we therefore also argue for a more growth oriented strategy to solve the problems of the European periphery and outline some features of such a strategy.
Subjects: 
Convergence
within-country growth
peripheral countries
JEL: 
O52
R11
R58
Document Type: 
Research Report
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