2021
DOI: 10.1007/s10272-021-0964-y
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Cohesive Growth in Europe: A Tale of Two Peripheries

Abstract: 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… Show more

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Cited by 4 publications
(5 citation statements)
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“…It is also important for our research to mention the world crisis of 2008/2009, which affected each of the observed countries differently. Countries that implement their structural reforms faster and more efficiently see greater benefits (Dauderstädt, 2021;Župerkienė et al, 2021). For this reason, peripheral countries benefit less from European integration, while the so-called core countries, i.e.…”
Section: Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…It is also important for our research to mention the world crisis of 2008/2009, which affected each of the observed countries differently. Countries that implement their structural reforms faster and more efficiently see greater benefits (Dauderstädt, 2021;Župerkienė et al, 2021). For this reason, peripheral countries benefit less from European integration, while the so-called core countries, i.e.…”
Section: Discussionmentioning
confidence: 99%
“…In his work, Dauderstädt (2021) points out that the economic benefits of the single market are obvious for all countries, but these benefits differ greatly between countries. Economic growth is dependent on the quantity and quality of attracted investments and accumulated knowledge, from which countries that later join the processes of European integration benefit the least.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The EU's southern periphery (Cyprus, Greece, Italy, Portugal and Spain) suffered most, thus aggravating already existing problems resulting from the Great Recession of 2009, the subsequent sovereign debt panic and the ill-designed austerity policies (Gräbner et al, 2020). The pandemic reinforced the previous regional pattern of catch-up growth in the EU (Dauderstädt, 2021b).…”
Section: The Heterogeneous Economic Impact Of the Pandemic Across Eu ...mentioning
confidence: 99%
“…In further research on the development of tools for measuring the state of development of transport infrastructure and production in a territory, it is necessary to pay attention to the internal regions of countries to identify the direction and nature of the relationship between the developed transport infrastructure and developed production in a territory at the mezzo-level. This is easier to implement in relation to output than transport infrastructure since tools for measuring the state of development of production in a territory, the industrial output and the GDP per capita are usually available for the countries' internal regions (Boronenko et al, 2014;Dauderstädt, 2021). Another important aspect for future research is that transport infrastructure must be viewed both as a whole and by the types of transport.…”
Section: Entrepreneurship and Sustainability Issuesmentioning
confidence: 99%