How to order
IMF Publications

Working Papers in full text
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 All


Other research-related activities and publications of the IMF can be found at IMF Research

Free Email Notification

Receive emails when we post new items of interest to you.

Subscribe or Modify your profile



Structural Reforms and Regional Convergence

Author/Editor: Spilimbergo, Antonio | Che, Natasha Xingyuan
Authorized for Distribution: April 1, 2012
Electronic Access: Free Full Text (PDF file size is 1,220KB)
Use the free Adobe Acrobat Reader to view this PDF file.
 
Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: 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.
 
Order a print copy
Series: Working Paper No. 12/106
Subject(s): Cross country analysis | Economic models | Euro Area | Europe | Fiscal reforms | Labor market policy | Labor market reforms
Author's keyword(s): Structural reforms; regional convergence; economic growth; income inequality
 
English  
    Published:   April 1, 2012        
            Format:   Paper
    Stock No:   WPIEA2012106   Pages:   33
    Price:   US$18.00 (Academic Rate: US$18.00 )
       
     
Please address any questions about this title to publications@imf.org.