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 interaction of inequality and growth and the direction of causality in this relationship have been an extensively discussed topic with several questions but without clear answers both in the theoretical and empirical literature. The current paper contributes mainly into the new economic...

The global economic crisis of 2008 has affected all European countries; Greece of course could not be the exception to this "rule". First, the fact that Greece was unable to mitigate its public expenditures and to increase its revenues in comparison with the other European countries and other...