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Regional Economics and Policy, 3rd Edition


The revised edition of this classic text contains discussions of the latest theoretical developments in regional economics and reviews recent changes in regional policy and institutions in the European Union. New case study material based on extensive academic research in Europe and the USA has been added throughout the book.

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.

Harvey Armstrong is Professor of Economic Geography at Sheffield University. He has previously worked at Loughborough University and Lancaster University and has held a visiting appointment at the University of British Columbia. He has published extensively in the areas of regional policy, European regional disparities, local economic development policy and the economic performance of world micro-states and dependent territories.

Jim Taylor is Professor of Economics at the Lancaster University and has held visiting appointments at the Universities of Pennsylvania, British Columbia and Melbourne. His research includes work on the evaluation of regional policy and on various aspects of education economics. He has published many papers and several books on regional policy and has been the editor of Regional Studies, the journal of the Regional Studies Association.


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.