The paper asks whether subsidies aiming to redistribute economic activity across regions can be justified with the welfare argument. Moreover, different tax systems are compared with respect to the size of the subsidy needed for achieving a certain spatial distribution of economic activity, and...

The economic and social cohesion policy of the European Union has two inter-related components, namely the vertical cohesion, referring to the alleviation of social disparities and the solidarity with the disadvantaged social groups, and the horizontal cohesion, which concentrates on the...

Nowadays, globalization, technological innovation, migration and population ageing, make it increasingly difficult to predict the future of regions. Identifying the key problems that regions face and considering how these findings could be effectively used as a basis for planning region's...

One of the key issues in economics is the explanation of unemployment. Doing so "modern mainstream macroeconomics" frequently refers to institutional structures in the individual countries (e.g. Layard, Nickell & Jackman 1991, 2006; Carlin & Soskice 2006). However, unemployment within states varies...

The expansive nature of the dominant socio-economic model lead to the current globalized economy based on open borders, the laws of the open market and the integration of local economic systems. This has as central component the establishment of supranational institutional forms (such as...

Most of the studies on convergence in regional GDP per capita estimated (beta) convergence among EU regions, at both EU-15 and EU-27 level. However, the speed of convergence is not constant either in time or between regions. Results for other variables, like health variables, are inconclusive....

The measure of the regional disparities in the European Union was widely approached on the literature. Recent years have seen a spate of studies taking into account the spatial aspect of data in the analysis of convergence from an empirical viewpoint, or integrating spatial interdependencies...

The paper focuses on quantitative assessment of the innovation's role in explaining regional disparities and convergence in Europe. The empirical part of the study bases on the regional GDP pc and innovation indicators on the EU-27 NUTS2 level regions. Based on the selected set of initial...