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Economic Challenges of Lagging Regions I: Fiscal and Macroeconomic Environment

Author

Listed:
  • Adam Brown
  • Ben Gardiner
  • Roman Römisch

    (The Vienna Institute for International Economic Studies, wiiw)

  • Jonathan Stenning

Abstract

The report analyses the fiscal and macroeconomic environment in the lagging regions and the relevant Member States of the EU, as a sound and sustainable macroeconomic framework is a necessary, but by itself not a sufficient precondition for investment and growth in the regions. It starts with identifying relevant indicators to highlight the macroeconomic environment in the lagging regions, assessing the performance of the regions across these indicators, and establishing a framework which sets out the potential causes of these imbalances. This sets the scene for further analysis of the transmission mechanisms which cause the regional discrepancies in these Member States between the lagging and the non-lagging regions, as well as exploring the differences between the low growth and low income lagging regions. The report concludes with a summary of these findings and how they could be used as a basis for policy recommendations which might improve the economic performance of the lagging regions.

Suggested Citation

  • Adam Brown & Ben Gardiner & Roman Römisch & Jonathan Stenning, 2017. "Economic Challenges of Lagging Regions I: Fiscal and Macroeconomic Environment," wiiw Research Reports 421, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:rpaper:rr:421
    as

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    File URL: https://wiiw.ac.at/economic-challenges-of-lagging-regions-i-fiscal-and-macroeconomic-environment-dlp-4380.pdf
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    Citations

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    Cited by:

    1. Xin Xu & Chengjin Wang & Shiping Ma & Wenzhong Zhang, 2021. "China’s Special Poor Areas and Their Geographical Conditions," Sustainability, MDPI, vol. 13(15), pages 1-15, August.

    More about this item

    Keywords

    macroeconomic development; regional economic development; EU; lagging regions; regional policy; economic challenges;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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