کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5067557 | 1372604 | 2007 | 25 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: Regional policy design: An analysis of relocation, efficiency and equity Regional policy design: An analysis of relocation, efficiency and equity](/preview/png/5067557.png)
Despite substantial regional expenditure at both national and community level, European regional policies do not appear to deliver. Evidence suggests that neither efficiency gains nor reduced regional inequalities result. If there is any positive impact at all, then it is at most a redistributional one. If transfers are mainly redistributional in nature, would policies based on non-distortionary financing be a better route to follow? We consider the alternatives to a distortionary regional policy that forces the delocation of activities. Are non-distortionary policies always relatively more efficient than distortionary ones? We analyse these questions employing a new economic geography model, which also takes into account the importance of knowledge spillovers for productivity, industry location and policy. We show that the effectiveness of different regional policies depends on (i) intra-industry knowledge spillovers, (ii) inter-industry knowledge spillovers and (iii) trade costs. Our analysis suggests that the European approach to the elimination of regional inequalities may, relatively, be the more costly alternative.
Journal: European Economic Review - Volume 51, Issue 6, August 2007, Pages 1443-1467