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Structural Reforms and Regional Convergence

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...

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Bibliographic Details
Main Author: Spilimbergo, Antonio
Other Authors: Che, Natasha
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Working Papers
Subjects:
Labor Taxes
Technological Change: Choices And Consequences
Minimum Wage
Labour; Income Economics
Public Finance & Taxation
Industrial Policy
Productivity
Infrastructure
Taxes
Economic Development: Urban, Rural, Regional, And Transportation Analysis
Mobility, Unemployment, And Vacancies: Public Policy
Industrial Productivity
Production
Tax Wedge
Housing
Macrostructural Analysis
Diffusion Processes
Welfare & Benefit Systems
Minimum Wages
Labor
Macroeconomics: Production
Macroeconomic Analyses Of Economic Development
Wages, Compensation, And Labor Costs: Public Policy
Taxation, Subsidies, And Revenue: General
Tax Policy
Institutions And The Macroeconomy
Macroeconomics
Tax Administration And Procedure
Taxation
Personal Income And Other Nonbusiness Taxes And Subsidies
Income Tax
Structural Reforms
Production And Operations Management
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:34 pages
ISBN:9781475503272

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