Authors: Cinzia Alcidi, Jorge Núñez Ferrer, Roberto Musmeci, Mattia Di Salvo, Marta Pilati
Published: February, 2018
Income convergence is clearly taking place within the EU as a whole, but contrasting trends emerge from one country to another, calling for a closer look at regional economic development. This contribution is the second in a new CEPS series on economic and social convergence in the EU, focusing on the features of income convergence across regions within each member state.
Since 2000 the level of income across EU regions and member states has been converging towards the EU average, and overall, differences in GDP per capita have been reduced (see the first Commentary of this series here). This result is mostly driven by the fact that poorer regions and member states, mostly in Central and Eastern Europe (CEE), initially experienced higher income growth rates. Conversely, richer countries and regions, both in Southern and North-Western Europe, initially grew at a slower pace. While the cumulative result of these developments is convergence, some interesting dynamics emerge within member states.See publication