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How Regions Grow

Trends and Analysis

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Regional differences within OECD countries are often greater than those between countries and much inequality remains. This report explores what generates growth at the regional level. Based on in-depth econometric modelling and analyses, this report reframes the debate on regional policy and development, emphasising that opportunities for growth exist in all regions.

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Overall Growth Trends

OECD regions vary more in their economic performance than do individual OECD countries (see Box 1.1 for a definition of regions). At the national level the main determinants of growth are macroeconomic factors, institutions and policies. The latter two factors have a strong regional dimension. OECD regions are very heterogeneous. Each is endowed with very different production capacities, comparative advantages, geographic characteristics, institutions, policies and assets. It is no surprise, therefore, that some regions are in a better position to reap the benefits of globalisation than others.

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