Regional inequality in Europe: evidence, theory and policy implications

Simona Iammarino, Andrés Rodríguez-Pose and Michael Storper

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Regional economic divergence has become a threat to economic progress, social cohesion and political stability in Europe. Market processes and policies that are supposed to spread prosperity and opportunity are no longer sufficiently effective. The evidence points to the existence of several different modes of regional economic performance in Europe, responding to different development challenges and opportunities. Both mainstream and heterodox theories have gaps in their ability to explain the existence of these different regional trajectories and the weakness of the convergence processes among them. Therefore, a different approach is required, one that strengthens Europe’s strongest regions but develops new approaches to promote opportunity in industrial declining and less-developed regions. There is ample new theory and evidence to support such an approach, which we have labelled ‘place-sensitive distributed development policy’.

Keywords: regions; inequality; economic divergence; place-sensitive development; European Union (search for similar items in EconPapers)
JEL-codes: R11 R12 R58 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2019-03-01
New Economics Papers: this item is included in nep-gen, nep-geo, nep-hme, nep-sbm and nep-ure
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Citations: View citations in EconPapers (112)

Published in Journal of Economic Geography, 1, March, 2019, 19(2), pp. 273 - 298. ISSN: 1468-2702

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http://eprints.lse.ac.uk/87491/ Open access version. (application/pdf)

Related works:
Journal Article: Regional inequality in Europe: evidence, theory and policy implications (2019)
Working Paper: Regional inequality in Europe: evidence, theory and policy implications (2018)
Working Paper: Regional inequality in Europe: evidence, theory and policy implications (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:87491

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