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The global welfare implications of home market effects in trade models with imperfect competition are little understood. This paper proposes a simple model in which such implications can be easily analyzed. It shows an overall tendency of imperfectly competitive sectors to inefficiently cluster...
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Significant disparities still exist between regions of the European Union, even though substantial Cohesion investments … distribution policy of Cohesion investments should focus on smaller territorial units to reduce disparities at NUTS3 level; ii) the …
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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...
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