Applying the principles of Optimal Control Theory to the problem of regional allocation of investment can be a useful tool for demonstrating how the trade-off between regional equity and overall efficiency can be overcome. This book poses the following questions: are spatial inequalities harmful...

The cumulative causation in the relation between labour productivity and output growth, known as Verdoorn's Law, is empirically tested using data from 109 EU12 regions during the period 1977--2005. Several specifications of Verdoorn's Law are put forward in this paper, which attribute the...

This paper reports an attempt to investigate the extent of club-convergence amongst the prefectures of Greece during the time period 1980-2005. A model is developed in an attempt to assess the impact of agglomerations and regional capacities on the innovation and adoption of technology....

Using ‘search’ theory, technology adoption is conceived of as a critical factor in the aftermath of a technological shock, which increases employment in the leading sectors and total output in the economy. These implications are further investigated in the present paper, both formally and...