The Dilemma of Regional Policy

Increasing 'Efficiency' or Improving 'Equity'?
Softcover Nachdruck of the original 1. Auflage 2018
ISBN: 978-3-319-88677-0
Verlag: Springer International Publishing

Buch, Englisch, 117 Seiten, Paperback, Format (B × H): 148 mm x 210 mm, Gewicht: 187 g

Applying the principles of Optimal Control Theory to the problem of regional allocation of investment can be a useful tool for demonstrating how the trade-off between regional equity and overall efficiency can be overcome. This book poses the following questions: are spatial inequalities harmful for overall efficiency? How is the economist to assist the policy-maker in establishing generally applicable criteria or policies when the aims include equity as well as efficiency? Alexiadis analyses the 'equity versus efficiency' dilemma in the allocation of scarce resources, expressing the argument in mathematical terms; an issue of particular importance in development planning and programming.This is invaluable reading for final year and postgraduate students of regional, development and mathematical economics, as well as researchers, policy makers and all those working in regional development institutions.

Zielgruppe

Research

Autoren/Hrsg.

Alexiadis, Stilianos

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Regional- und Städtische Wirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Öffentliche Finanzwirtschaft, Besteuerung
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets

Inhaltsverzeichnis

Foreword by Peter Nijkamp.1 Setting the Overall Context1.1 The Scope for Optimality in Economic Growth1.2. Optimality in Regional Policy1.3 The Trade-off between 'Regional Equity' and 'Aggregate Efficiency'1.4 Structure of the Study2 Regional Allocation of Investment2.1 Introduction2.2 Optimality: General Principles2.3 Regional Growth and Allocation of Investment2.4 Optimal Allocation Policies2.5 The Switching Time2.6 Conclusion 3 Conflicts in Regional Policy3.1 Introduction3.2 The Necessity of Regional Policy3.3 Regional Policy: A Substitution between Equity and Efficiency?3.4 Trade-off and Regional Allocation of Investment3.5 Regional Allocation of Investment and Regional Equity3.6 Introducing 'Equity' in the Objective Function3.7 Conclusion4 Compatibility between Equity and Efficiency4.1 Introduction4.2 Redefining the Aim of 'Regional Equity'4.3 Overcoming the Dilemma of Regional Policy4.4 Some Extensions 4.5 Implications for Regional Planning4.6 Conclusion5 ConclusionAppendixMaximising total consumption

Über Autor(innen)

Stilianos Alexiadis is Economics Researcher in the Division of Documentation and Agricultural Statistics at the Ministry of Rural Development and Foods, Greece. Alexiadis holds a PhD in Economics from Manchester Metropolitan University, UK, and has teaching experience at Piraeus University and in higher education colleges in Greece. His research interests include regional growth, regional convergence, regional policy, policy evaluation, cumulative growth, technology clusters and R&D labour distribution.