Munich Personal RePEc Archive

Aggregate efficiency and interregional equity: a contradiction?

Alexiadis, Stilianos (2012): Aggregate efficiency and interregional equity: a contradiction?

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Abstract

This paper attempts to rekindle interest on regional allocation of investment and to show that a trade-off between aggregate efficiency and interregional equity is implied. Modifying, however, the objective function it is established that this trade-off can be avoided.

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