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The Dilemma of Regional Policy

Increasing ‘Efficiency’ or Improving ‘Equity’?

Authors: Alexiadis, Stilianos

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  • 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
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eBook $54.99
price for USA in USD
  • ISBN 978-3-319-68900-5
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  • Immediate eBook download after purchase
Hardcover $69.99
price for USA in USD
  • ISBN 978-3-319-68899-2
  • Free shipping for individuals worldwide. COVID-19 shipping restrictions apply.
  • Immediate ebook access, if available*, with your print order
  • Usually ready to be dispatched within 3 to 5 business days.
About this book

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.

About the authors

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.

Table of contents (5 chapters)

Table of contents (5 chapters)
  • Setting the Overall Context

    Pages 1-16

    Alexiadis, Stilianos

  • Regional Allocation of Investment

    Pages 17-43

    Alexiadis, Stilianos

  • Conflicts in Regional Policy

    Pages 45-72

    Alexiadis, Stilianos

  • Compatibility Between Equity and Efficiency

    Pages 73-105

    Alexiadis, Stilianos

  • Conclusion

    Pages 107-109

    Alexiadis, Stilianos

Buy this book

eBook $54.99
price for USA in USD
  • ISBN 978-3-319-68900-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.99
price for USA in USD
  • ISBN 978-3-319-68899-2
  • Free shipping for individuals worldwide. COVID-19 shipping restrictions apply.
  • Immediate ebook access, if available*, with your print order
  • Usually ready to be dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Dilemma of Regional Policy
Book Subtitle
Increasing ‘Efficiency’ or Improving ‘Equity’?
Authors
Copyright
2018
Publisher
Palgrave Pivot
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-68900-5
DOI
10.1007/978-3-319-68900-5
Hardcover ISBN
978-3-319-68899-2
Edition Number
1
Number of Pages
XV, 117
Number of Illustrations
5 b/w illustrations
Topics

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