Structural reforms and regional convergence /

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Bibliographic Details
Author / Creator:	Spilimbergo, Antonio, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (34 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/12/106 IMF working paper ; WP/12/106.
Subject:	Structural adjustment (Economic policy) -- Econometric models. Convergence (Economics) -- Econometric models. Economic development -- Econometric models. Convergence (Economics) -- Econometric models. Economic development -- Econometric models. Structural adjustment (Economic policy) -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12500224

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Other authors / contributors:	Che, Natasha Xingyuan, author. International Monetary Fund. European Department, issuing body. International Monetary Fund. Statistics Department, issuing body.
Notes:	Includes bibliographical references.
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.

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