Concerns are mounting over the potential for weak future growth as the Korean economy faces a wide range of structural issues including an aging society, a crisis in key regional industries, and the COVID-19 pandemic. Due to these concerns, the Korean government has established innovation growth...

The advent of the New Economic Geography has spawned a renewed interest in questions of agglomeration. The present work expands the research on the impact of agglomeration economies on employment growth by connecting two strands of the empirical literature. A localization index and a cluster...

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...

We examine whether discretionary government grants influence the location of new plants, and how effective these incentives are in the presence of agglomeration and urbanisation externalities. We find evidence that regional industrial structure affects the location of new entrants. Firms in more...

In this paper we present a critical analysis of industrial location policy of the state of Bahia, in the period covered in between 1960s and 2000s, from the perspective of spatial economy. The paper reviews the formulation of the theory of location, through the contributions of its principal...

Endogenous resources, economic profile and socio-economic issues are the criteria that define the level of development and identifying features of a territorial unit. The territorial units that organize the country, in political and administrative terms - parishes and counties -, have a...

What is region? From an economic point of view, a region is a unit in which capital and labour move freely and goods and services are totally open to trade with other regions without any frontiers or limitations. The openness of the regions and their interaction with other regions are their main...

Subsidies for R&D are an important tool of public R&D policy, which motivates extensive scientific analyses and evaluations. The paper adds to this literature by arguing that the effects of R&D subsidies go beyond the extension of organizations' monetary resources invested into R&D. It is argued...

In this paper, we study the classical and modern approaches to the formation of regional agro-industrial clusters. In the current market conditions, the creation of a cluster based on the existing regional infrastructure is impractical. In most cases, clusters are called holding structures that...

The Government of India initiated a program in 1994 to promote manufacturing in districts designated as backward. The way the backward districts were identified enables us to employ a regression discontinuity design to evaluate the impacts of the program. We find that the program's 5-year tax...