Regional growth and inequality in the long-run: Europe, 1900–2015

IF 1.8 2区经济学 Q2 ECONOMICS

Oxford Review of Economic Policy Pub Date : 2021-01-01 DOI:10.1093/OXREP/GRAA062

J. Rosés, Nikolaus Wolf

引用次数: 15

Abstract

In this paper we discuss regional income growth and inequality based on a new set of long-run data. The data cover 173 European regions in 16 countries, from 1900 to 2015. These data allow us to compare regions over time, among each other, and to other parts of the world. After some brief notes on methodology, we describe the basic patterns in the data in terms of some key dimensions: variation in the density of population and economic activity, and structural change with a declining role of agriculture, the rise and fall of industry and the long rise of services. We show how “fundamentals” of institutions and geography affected income levels over the 20th century, and describe how regional growth after 1945 turned from convergence and adjustment to shocks to divergence. In the long-run we observe a U-shape pattern of regional convergence followed by divergence, not unlike recent observations on personal income and wealth distributions.

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长期的区域增长和不平等:欧洲，1900-2015

本文基于一组新的长期数据，讨论了区域收入增长与不平等问题。这些数据涵盖了1900年至2015年欧洲16个国家的173个地区。这些数据使我们能够比较不同地区之间的时间差异，以及与世界其他地区的差异。在简要说明了方法之后，我们从一些关键维度描述了数据中的基本模式:人口密度和经济活动的变化，农业作用下降的结构变化，工业的兴衰和服务业的长期崛起。我们展示了制度和地理的“基本面”如何影响20世纪的收入水平，并描述了1945年后的区域增长如何从趋同和调整到冲击再到分化。从长期来看，我们观察到区域趋同后出现分化的u型模式，这与最近对个人收入和财富分配的观察结果没有什么不同。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Oxford Review of Economic Policy ECONOMICS-

CiteScore

12.50

自引率

1.50%

发文量

期刊介绍： The Oxford Review of Economic Policy is a refereed journal which is published quarterly. Each issue concentrates on a current theme in economic policy, with a balance between macro- and microeconomics, and comprises an assessment and a number of articles. It gives a valuable appraisal of economic policies worldwide. While the analysis is challenging and at the forefront of current thinking, articles are presented in non-technical language to make them readily accessible to all readers. The Oxford Review is aimed at a wide audience including government, business and policy-makers, as well as academics and students. It is required reading for those who need to know where research is leading.