| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1351 |
| DP1351 Fiscal Deficit Reductions in Line with the Maastricht Criteria for Monetary Union: An Empirical Analysis | |
| Andrew Hughes Hallett; Peter McAdam | |
| 发表日期 | 1996-02-29 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | Despite massive regional policy efforts, GDP per capita in Southern Italy has only briefly converged on Northern Italian levels (during the 1960s). Failure since then is associated with a policy switch from investment towards income maintenance, with reduced wage sensitivity to regional labour market conditions and with increases in rent-seeking opportunities and corruption. East Germany?s early experience of rapid wage and income, but not productivity, convergence raised fears that a Mezzogiorno scenario could be repeated. Since then, however, investment has been successfully encouraged, wage setting has become more flexible and productivity growth has risen. Given a more favourable non-economic environment as well, the prospects for East German convergence are now more promising. |
| 关键词 | Convergence Regional development |
| URL | https://cepr.org/publications/dp1351 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530491 |
| 推荐引用方式 GB/T 7714 | Andrew Hughes Hallett,Peter McAdam. DP1351 Fiscal Deficit Reductions in Line with the Maastricht Criteria for Monetary Union: An Empirical Analysis. 1996. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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