The Dilemma of Regional Policy
Increasing ‘Efficiency’ or Improving ‘Equity’?
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Beschreibung
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.
Uses an established method, Optimal Control Theory, to solve the economic problem of equity vs efficiency in the allocation of funds
Explores how to design optimal regional policies
Addresses the growing need for effective policy making
Uses an established method, Optimal Control Theory, to solve the economic problem of equity vs efficiency in the allocation of funds Explores how to design optimal regional policies Addresses the growing need for effective policy making
Autor*in
Stilianos Alexiadis
Themen in »The Dilemma of Regional Policy«
Regional policy Equity Efficiency Spatial inequalities Development planning Optimal control theory Long-run persistence Regional disparities Regional economics Regional development Economic policy Europe 2020 National income Regional allocation of investment Interregional inequalities