© 2018

The Dilemma of Regional Policy

Increasing ‘Efficiency’ or Improving ‘Equity’?


Table of contents

  1. Front Matter
    Pages i-xv
  2. Stilianos Alexiadis
    Pages 1-16
  3. Stilianos Alexiadis
    Pages 17-43
  4. Stilianos Alexiadis
    Pages 45-72
  5. Stilianos Alexiadis
    Pages 73-105
  6. Stilianos Alexiadis
    Pages 107-109
  7. Back Matter
    Pages 111-117

About this book


Applying the principles of Optimal Control Theory to the problem of regional allocation of investment can be a useful tool for demonstrating how the trade-off between regional equity and overall efficiency can be overcome. This book poses the following questions: are spatial inequalities harmful for overall efficiency? How is the economist to assist the policy-maker in establishing generally applicable criteria or policies when the aims include equity as well as efficiency? Alexiadis analyses the 'equity versus efficiency' dilemma in the allocation of scarce resources, expressing the argument in mathematical terms; an issue of particular importance in development planning and programming.

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


Regional policy Equity Efficiency Spatial inequalities Development planning Optimal control theory Long-run persistence Regional disparities Regional economics Regional development Economic policy Europe 2020 National income Regional allocation of investment Interregional inequalities Regional policy design

Authors and affiliations

  1. 1.Department of Strategic Planning of Rural Development, Evaluation & DocumentationGreek Ministry of Rural Development and FoodAthensGreece

About the authors

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.

Bibliographic information

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