This study examines the evolution of the regional per capita income from the perspective of a policymaker at the national level. To do that, it utilizes stochastic dominance analysis by including a utility function that expresses the "regional inequalities aversion" level of the policymaker. In...

The distribution of income has always been a main concern of economic theory and policy. Classical economists were concerned with the distribution of income between the main factors of production, land, labour and capital. Modern economists, on the other hand, are concerned with the distribution...