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EMU and the Industrial Specialisation of European Regions

In: Regional Convergence in the European Union

Author

Listed:
  • Christiane Krieger-Boden

    (Kiel Institute of World Economics)

Abstract

The European Monetary Union (EMU) is a major institutional reform that substantially changes economic relations in the participating countries and their respective regions. EMU will deeply influence the division of labour and, hence, the spatial location of industries and the specialisation of regions. Regional specialisation, in turn, will affect the susceptibility of regions to asymmetric shocks, and the core-periphery divide of regional incomes, and will thus determine the impact of EMU on European regions. This raises the question whether all European regions will participate in the expected welfare benefits to a similar degree. Potentially, the integration process could also entail an increased instability of regional development and rising divergence of regional incomes such that there might be winners and losers of the integration process.

Suggested Citation

  • Christiane Krieger-Boden, 2002. "EMU and the Industrial Specialisation of European Regions," Advances in Spatial Science, in: Juan R. Cuadrado-Roura & Martí Parellada (ed.), Regional Convergence in the European Union, chapter 4, pages 77-94, Springer.
    • Handle: RePEc:spr:adspcp:978-3-662-04788-0_4
    DOI: 10.1007/978-3-662-04788-0_4
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    Cited by:

    1. Gunther Maier & Patrick Lehner, 2002. "Does space finally matter? The position of New Economic Geography in Economic Journals," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2002(1).
    2. Apoorva Ghosh & Pranabesh Ray, 2012. "A Contemporary Model for Industrial Relations," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 37(1), pages 17-30, February.
    3. Krieger-Boden, Christiane, 2002. "European integration and the case for compensatory regional policy," Kiel Working Papers 1135, Kiel Institute for the World Economy.
    4. Kounetas, Kostas & Napolitano, Oreste, 2015. "Too much EMU? An investigation of technology gaps," MPRA Paper 67600, University Library of Munich, Germany.
    5. Percoco, Marco & Dall'erba, Sandy & Hewings, Geoffrey, 2005. "Structural Convergence of the National Economies of Europe," MPRA Paper 1380, University Library of Munich, Germany.
    6. Nguyet Thi Tran & Dirk Weichgrebe, 2020. "Regional material flow behaviors of agro‐food processing craft villages in Red River Delta, Vietnam," Journal of Industrial Ecology, Yale University, vol. 24(3), pages 707-725, June.
    7. Yan, Min & Filieri, Raffaele & Raguseo, Elisabetta & Gorton, Matthew, 2021. "Mobile apps for healthy living: Factors influencing continuance intention for health apps," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    8. Tan, Shin Bin & Ti, Edward S.W., 2020. "What is the value of built heritage conservation? Assessing spillover effects of conserving historic sites in Singapore," Land Use Policy, Elsevier, vol. 91(C).

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