Theory of regional policy

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Chapter 29 in Evolutionary Spatial Economics, 2020, pp 565-570 from Edward Elgar Publishing

Abstract: Given that notable spatial concentration of economic activity is the most striking feature of the geography of production, there is clear evidence of some kind of increasing returns to scale. New technologies in select industries may overcome some of the obstacles to the spread of production, but not necessarily very many. Hence, the pattern of regional specialisation and trade can be arbitrary, and potential gains from specialisation and trade are likely to be ambiguous. This provides grounds for some smart public intervention in regional matters even though its effects may be sometimes controversial.

Keywords: Economics and Finance; Geography (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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