Foreword by Peter Nijkamp.
1 Setting the Overall Context
1.1 The Scope for Optimality in Economic Growth
1.2. Optimality in Regional Policy
1.3 The Trade-off between 'Regional Equity' and 'Aggregate Efficiency'
1.4 Structure of the Study
2 Regional Allocation of Investment
2.1 Introduction
2.2 Optimality: General Principles
2.3 Regional Growth and Allocation of Investment
2.4 Optimal Allocation Policies
2.5 The Switching Time
2.6 Conclusion
3 Conflicts in Regional Policy 3.1 Introduction
3.2 The Necessity of Regional Policy
3.3 Regional Policy: A Substitution between Equity and Efficiency?
3.4 Trade-off and Regional Allocation of Investment
3.5 Regional Allocation of Investment and Regional Equity
3.6 Introducing 'Equity' in the Objective Function
3.7 Conclusion
4 Compatibility between Equity and Efficiency
4.1 Introduction
4.2 Redefining the Aim of 'Regional Equity'
4.3 Overcoming the Dilemma of Regional Policy
4.4 Some Extensions
4.5 Implications for Regional Planning 4.6 Conclusion
5 Conclusion
Appendix
Maximising total consumption
About the Author: 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.
