The Dilemma of Regional Policy: Increasing ‘Efficiency’ or Improving ‘Equity’?

Amazon.com Price: $47.99 (as of 11/10/2019 10:18 PST- Details)

Categories: Books, Business and Money, Economics, Management and Leadership, Public Finance, Subjects, Systems and Planning, Theory, Urban and Regional

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Applying the principles of Optimal Keep watch over Theory to the issue of regional allocation of investment generally is a useful tool for demonstrating how the trade-off between regional equity and overall efficiency can also be overcome. This book poses the following questions: are spatial inequalities harmful for overall efficiency? How is the economist to help the policy-maker in establishing normally applicable criteria or policies when the aims include equity in addition to efficiency? Alexiadis analyses the ‘equity as opposed to efficiency’ predicament in the allocation of scarce resources, expressing the argument in mathematical terms; a topic of particular importance in development planning and programming.

This is invaluable reading for final year and postgraduate students of regional, development and mathematical economics, in addition to researchers, policy makers and all those working in regional development institutions.

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