Arcalean, Calin; Glomm, Gerhard; Schiopu, Ioana Cosmina - 2012
Regional income disparities have increased in many European countries recently, even as national and supra …-national policy instruments were created to correct them. To explain these evolutions, we develop a two-region, two-sector model with … structural funds, modelled on the EU policy. In a numerical example calibrated to Portugal, we find that, to diminish the initial …