Interregional Growth Divergence and Living Standards Convergence
By Gérard Bélanger
Jean-Luc Migué

This article appeared in the Winter 2013 issue of The Independent Review


Different regions of an integrated economy tend toward similar economic growth rates. The main drivers of this long-run tendency are not price changes but rather movements of labor and capital, as data from North America, England, and France illustrate.

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