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La convergence régionale et l'UEM

Listed author(s):
  • Françoise Drumetz
  • Hélène Erkel-Rousse
  • Pierre Jaillard

[eng] Regional Alignment and EMU Sustained economic growth encourages a catch up effect. The least-advanced European countries made considerable progress during the 1960s. Conversely, certain regional disparities increased between the first oil crisis and the mid-1980s. Today, the sluggishness of the European economies is depriving the catch up effect of one of its driving forces. Can EMU take over ? Economic theory and the analysis of existing monetary unions provide limited lessons due to the specific nature of the European case. Community labour force mobility is low and the flexibility of wages is flawed. Economic and monetary integration will affect the catch up effect due to spontaneous market effects, but also due to national and Community economic policies. The Member States should embark on judicious budgetary arbitration in order to combine catching up with transition. The Maastricht Treaty is a contribution to progress in economic and social unity by strengthening regional Community policies. [spa] La convergencia nacional y la UEM Un crecimiento econômico elevado favorece la recuperaciôn. Los pafses europeos menos avanzados realizaron progresos fenomenales en el transcurso de los anos sesenta. A la inversa, ciertas disparidades régionales aumentaron desde el primer shock petrolero hasta mediados de los anos ochenta. Ahora la atonîa de las economîas europeas le resta a la recuperaciôn uno de sus motores. i Puede la EUM tomar el relevo? La teorîa econômica y el anâlisis de las uniones monetaria vigentes ofrecen ensenanzas cuyo valor se ve menoscabado por la especificidad del caso europeo. En la Comunidad es tenue la movilidad de la mano de obra e imperfecta la flexibilidad de los salarios. La integraciôn econômica influenciarâ en la recuperaciôn por los efectos espontâneos del mercado, y también por las polîticas econômicas nacionales y comunitaria. Los Estados miembros deberân cumplir con unos arbitrajes presupuestarios valederos para conjugar recuperaciôn con transiciôn. El tratado de Maastricht contribuye a los progresos de la cohesion econômica y social por un reforzamiento de las polîticas régionales comunitarias. [fre] La convergence régionale et l'UEM Une croissance économique soutenue favorise le rattrapage. Les pays européens les moins avancés ont réalisé des progrès considérables au cours des années soixante. A l'inverse, certaines disparités régionales se sont accrues entre le premier choc pétrolier et le milieu des années quatre-vingt. Aujourd'hui, l'atonie des économies européennes prive le rattrapage de l'un de ses moteurs. L'UEM peut-elle prendre le relais ? La théorie économique et l'analyse des unions monétaires existantes livrent des enseignements dont la portée est limitée par la spécificité du cas européen. Dans la Communauté, la mobilité de la main-d'oeuvre est faible et la flexibilité des salaires imparfaite. L'intégration économique et monétaire influera sur le rattrapage par les effets spontanés du marché, mais aussi par les politiques économiques nationales et communautaire. Les États membres devront procéder à des arbitrages budgétaires judicieux pour conjuguer rattrapage et transition. Le traité de Maastricht contribue aux progrès de la cohésion économique et sociale par un renforcement des politiques régionales communautaires. [ger] Régionale Konvergenz und WWU Ein nachhaltiges Wirtschaftswachstum begùnstigt den AufholprozeB innerhalb der Europàischen Gemeinschaft. Im Laufe der sechziger Jahre haben die am wenigsten entwickelten europàischen Lânder betrâchtliche Fortschritte bei der Aufholung ihres Rûckstandes erzielt. Dagegen haben sich vom ersten Ôlschock bis in die Mitte der achtziger Jahre bestimmte régionale Disparitâten verstàrkt. Durch die Schwache der europàischen Wirtschaften fâllt einer der wichtigsten Motoren dieses Aufholprozesses nunmehr aus. Kann die WWU ihn ersetzen ? Die Wirtschaftstheorie und die Analyse der bestehenden Wàhrungsverbânde kônnen hierbei Auskunft geben, die allerdings aufgrund der Besonderheit des europàischen Falles nur eine beschrànkte Aussagekraft hat. Die Gemeinschaft zeichnet sich durch eine geringe Mobilitât der Arbeitnehmer und eine unvollkommene Flexibilitât der Lôhne aus. Nicht nur aufgrund der spontanen Markteffekte, sondern ebenfalls durch die Wirtschaftspolitik der einzelnen Staaten und der Gemeinschaft wird die Wirtschafts- und Wâhrungsintegration den AufholprozeB beeinflussen. Um den Aufhol- und den ClbergangsprozeB miteinander vereinbaren zu kônnen, mùssen die Mitgliedstaaten allerdings ihre Haushaltspolitiken aufeinander abstimmen. Durch die Stârkung der gemeinschaftlichen Regionalpolitik tràgt der Vertrag von Maastricht zur weiteren wirtschaftlichen und sozialen Kohàsion bei.

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File URL: http://dx.doi.org/doi:10.3406/estat.1993.5730
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File URL: http://www.persee.fr/doc/estat_0336-1454_1993_num_262_1_5730
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Article provided by Programme National Persée in its journal Economie et statistique.

Volume (Year): 262 (1993)
Issue (Month): 1 ()
Pages: 135-147

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Handle: RePEc:prs:ecstat:estat_0336-1454_1993_num_262_1_5730
Note: DOI:10.3406/estat.1993.5730
Contact details of provider: Web page: http://www.persee.fr/collection/estat

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  1. Diamond, Peter & Fudenberg, Drew, 1989. "Rational Expectations Business Cycles in Search Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 606-619, June.
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  9. Henri Delessy & Frédéric Lerais & Sébastien Paris-Horvitz & Henri Sterdyniak, 1993. "Après Maastrich : quelles politiques économiques en Europe ?," Revue de l'OFCE, Programme National Persée, vol. 43(1), pages 273-305.
  10. Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
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  15. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-251, April.
  16. Krugman, Paul & Venables, Anthony J, 1990. "Integration and the Competitiveness of Peripheral Industry," CEPR Discussion Papers 363, C.E.P.R. Discussion Papers.
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