Download or read book Structural Reforms and Regional Convergence written by Mr.Antonio Spilimbergo and published by International Monetary Fund. This book was released on 2012-04-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial development, trade/current account openness, better institutional infrastructure, and selected labor market reforms facilitate regional convergence. However, these reforms have mixed effects on the growth of regions closer to the country’s development frontier. We also document that regional income disparity and average income are inversely correlated across countries so that speeding up regional convergence increases national income. We also present a theoretical model to discuss these results.