{"id":117846,"date":"2024-01-22T20:44:10","date_gmt":"2024-01-22T19:44:10","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/117846\/"},"modified":"2024-11-07T04:50:27","modified_gmt":"2024-11-07T03:50:27","slug":"erfolgsstrategien-fuer-die-europaeische-peripherie-erkenntnisse-fuer-suedeuropa-aus-der-regionaloekonomie","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/117846\/","title":{"rendered":"Strategies of Success for the European Periphery. Insights from Regional Economics for Southern Europe"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-117846","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The crisis-ridden countries of southern Europe find themselves in a situation comparable to the one of flagging regions within a country: both are members of a currency union \u2013 the euro area in the first case, and the common national currency in the second. In both cases, a key policy instrument in times of crisis, i.e., currency devaluation, is not available and can only be substituted internally via a correction of price-per-output levels. In most cases this requires wage cuts since productivity increases which could also reduce unit labour costs cannot be achieved in sufficiently short time.","onlinedate":"2013-06-25 12:00:00","lang":"German","publication_series":"","publication_date":"20130601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":348313,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"86","monthly_report_pages":"509-521","monthly_report_pages_sort":"509","issue":"6","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":"2013-06-25 12:00:00","types":[44312],"research_groups":[3491,3481,3500],"collaboration":"","persons":[4383,3724,3621],"persons_data":"[{\"personId\":4383,\"personName\":\"Karl Aiginger\",\"organisationNames\":[]},{\"personId\":3724,\"personName\":\"Matthias Firgo\",\"organisationNames\":[]},{\"personId\":3621,\"personName\":\"Peter Huber\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Strategies of Success for the European Periphery. 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