Abstract
In spite of the ongoing efforts that several countries made into promoting a more balanced economic development within their territory, economic growth theory and even empirical evidence do not come to a unanimous conclusion on the efficiency of public intervention. As such, this chapter reviews the various strands of the theoretical literature, analyzes the results of empirical estimations in Europe and in the USA where regional development policies are already well established, and provides recommendations for future research in this field.
Original language | English (US) |
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Title of host publication | Handbook of Regional Science |
Subtitle of host publication | Second and Extended Edition: With 238 Figures and 78 Tables |
Publisher | Springer |
Pages | 799-816 |
Number of pages | 18 |
ISBN (Electronic) | 9783662607237 |
ISBN (Print) | 9783662607220 |
DOIs | |
State | Published - Jan 1 2021 |
Keywords
- Public capital
- Public spending
- Regional policy
- Spatial error model
- Structural fund
ASJC Scopus subject areas
- General Economics, Econometrics and Finance
- General Business, Management and Accounting
- General Earth and Planetary Sciences
- General Social Sciences