Barriers to Diversification and Regional Allocation of Capital

In order to evaluate the allocational effectiveness of regional policy when harmonizing regional economic conditions firms? preferences play a pivot role. If harmonization hinders risk diversification of the firm, then instead of regional diversification of capital agglomeration of capital occurs. Hence, regional policy will not achieve its objective to equal the spatial allocation of capital.

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Year of publication:	2007
Authors:	Broll, Udo ; Roldán-Ponce, Antonio ; Wahl, Jack E.
Publisher:	Dresden : Technische Universität Dresden, Fakultät Wirtschaftswissenschaften
Subject:	Regionalpolitik \| Allokationseffizienz \| Investition \| Risikoaversion \| Regionale Konzentration \| Regionale Disparität \| Theorie \| Regional policy \| agglomeration \| diversification \| allocation \| risk aversion \| prudence

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Series:	Dresden Discussion Paper Series in Economics ; 14/07
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	55047319X [GVK] hdl:10419/22755 [Handle] RePEc:zbw:tuddps:1407 [RePEc]
Classification:	R30 - Real Estate Markets, Spatial Production Analysis, and Firm Location. General ; R12 - Size and Spatial Distributions of Regional Economic Activity ; R38 - Government Policy
Source:	EconStor

Persistent link: https://www.econbiz.de/10010296826