Cohesive Growth in Europe: A Tale of Two Peripheries

Over the last two decades, income disparities between EU member states tended to decline, particularly before the financial crisis. While Central and Eastern Europe caught up with the EU average, Southern Europe fell behind after 2009. Catch-up growth in both peripheries relied on nominal convergenc...

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Detalles Bibliográficos
Autor principal: Dauderstädt, Michael
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2021
Materias:
Articles
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8021637/
https://www.ncbi.nlm.nih.gov/pubmed/33840829
http://dx.doi.org/10.1007/s10272-021-0964-y
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author Dauderstädt, Michael
author_facet Dauderstädt, Michael
author_sort Dauderstädt, Michael
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description Over the last two decades, income disparities between EU member states tended to decline, particularly before the financial crisis. While Central and Eastern Europe caught up with the EU average, Southern Europe fell behind after 2009. Catch-up growth in both peripheries relied on nominal convergence (real appreciation) and foreign capital. Further growth can and should be fostered by an economic policy that does not neglect domestic demand, stabilises capital markets and invests in research, education, health and intangibles.
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spelling pubmed-80216372021-04-06 Cohesive Growth in Europe: A Tale of Two Peripheries Dauderstädt, Michael Inter Econ Articles Over the last two decades, income disparities between EU member states tended to decline, particularly before the financial crisis. While Central and Eastern Europe caught up with the EU average, Southern Europe fell behind after 2009. Catch-up growth in both peripheries relied on nominal convergence (real appreciation) and foreign capital. Further growth can and should be fostered by an economic policy that does not neglect domestic demand, stabilises capital markets and invests in research, education, health and intangibles. Springer Berlin Heidelberg 2021-04-06 2021 /pmc/articles/PMC8021637/ /pubmed/33840829 http://dx.doi.org/10.1007/s10272-021-0964-y Text en © The Author(s) 2021 Open Access: This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (https://creativecommons.org/licenses/by/4.0/). Open Access funding provided by ZBW — Leibniz Information Centre for Economics.
spellingShingle Articles
Dauderstädt, Michael
Cohesive Growth in Europe: A Tale of Two Peripheries
title Cohesive Growth in Europe: A Tale of Two Peripheries
title_full Cohesive Growth in Europe: A Tale of Two Peripheries
title_fullStr Cohesive Growth in Europe: A Tale of Two Peripheries
title_full_unstemmed Cohesive Growth in Europe: A Tale of Two Peripheries
title_short Cohesive Growth in Europe: A Tale of Two Peripheries
title_sort cohesive growth in europe: a tale of two peripheries
topic Articles
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8021637/
https://www.ncbi.nlm.nih.gov/pubmed/33840829
http://dx.doi.org/10.1007/s10272-021-0964-y
work_keys_str_mv AT dauderstadtmichael cohesivegrowthineuropeataleoftwoperipheries

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