Structural Reforms and Regional Convergence

Working Paper No. 12/106

Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial development, trade/current account openness, better institutional infrastructure, and selected labor market reforms facilitate regional convergence. However, these reforms have mixed effects on the growth of regions closer to the country's development frontier. We also document that regional income disparity and average income are inversely correlated across countries so that speeding up regional convergence increases national income. We also present a theoretical model to discuss these results.
Publication date: April 2012
ISBN: 9781475503272
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Economics / General , International - Economics , Structural Reforms , Regional Convergence , Economic Growth , Income Inequality , Economic Models , Fiscal Reforms , Labor Market Policy , Labor Market Reforms

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