This book is organized in two free–standing parts examining firstly the economic analysis of regions and then regional policy issues. Topics covered include multiplier and impact analysis, input–output models, growth theory, migration, regional labor markets, regional policy in the EU, regional devolution, small firms policy, foreign direct investment and a detailed explanation of the methods used to evaluate regional policy. Chapters can be read independently in cases where focused information is required, and the organization of the book makes this a very flexible and effective resource for course use.
Part I: Regional Economics.
1. Regional Income and Employment Determination.
2. The Input–Output Approach to Modelling the Regional Economy.
3. Regional Growth Disparities: Neoclassical Perspectives.
4. Export Demand Models, Agglomeration and Cumulative Growth Processes.
5. Interregional Trade.
6. Interregional Migration.
7. Regional Unemployment Disparities.
Part II: Regional Policy.
8. The Case for Regional Policy: British Experience.
9. Regional Policy Instruments.
10. Indigenous Development: Small and Medium–Sized Enterprises and Technological Progress.
11. Regional Policy and the European Union.
12. Regional Policy and Devolution.
13. The Evaluation of Regional Policy.
Regional Economics and Policy will continue as a standard work for students. The book provides an excellent synthesis of theoretical and empirical work on regional economic concepts and theories, leading to clear and important lessons for policy. It successfully brings updated literature and new material to bear on the key issues in the field."
Ronald McQuaid, Napier University
"This is an excellent textbook on regional economic theory and policy. This edition has been comprehensively revised to take account of the recent revival of interest in regional issues and the consequent burgeoning literature in the field. The book presents recent developments in the context of earlier work and both are discussed in a succinct and masterly fashion. This book will continue to remain the definitive overview of the subject and will be widely consulted by all those interested in the regional aspects of economic activity." John McCombie, University of Cambridge