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Equity and efficiency in regional policy

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Abstract

Phillipe Martin [5] had developed a simple, but extremely impressive model of economic development analyzing the interaction between agglomeration and regional income inequality. The essential philosophy of Martin’s static model had been translated into a dynamical model, where it can be shown that the interdependence between agglomeration and income disparities satisfies the conditions of the Lotka-Volterra model, thus implying regular and phase-shifted cycles. By introducing the dynamics of innovation, the simple two-dimensional model will be extended to a model similar to that developed by Chiarella [3].

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Authors and Affiliations

  1. Department of Economics, Budapest University of Technology and Economics, Sztoczek u. 2., St. ép., IV/412, H-1111, Budapest, Hungary

    Dietmar Meyer

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  1. Dietmar Meyer
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Correspondence to Dietmar Meyer.

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Dedicated to the memory of Professor Miklós Farkas

Research supported by the Hungarian NFSR (OTKA No. K61586).

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Meyer, D. Equity and efficiency in regional policy. Period Math Hung 56, 105–119 (2008). https://doi.org/10.1007/s10998-008-5105-x

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  • DOI: https://doi.org/10.1007/s10998-008-5105-x

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