The upward sloping trend of rents and house prices has initiated a debate on the consequences of surging housing costs for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to investigate the dynamics of wealth inequality and the...

This contribution is motivated by two stylized observations, the slowdown in growth, and a simultaneous income polarization in many advanced economies. While mainstream neoclassical and endogenous growth theory cannot sufficiently explain the nexus, we argue that the demand side plays a role. We...

Over the last 60 years, regional economic analysis has been interested in identifying common patterns and regularities of regional economic structure. The identification of such patterns suggests that there predictable relationships between different levels of structural regional development....

Changing pattern of global specialization and trade has affected the regional economic landscape in Europe significantly during the last decades, often even more than endogenous factors or policy measures. After a period of conversion, processes of diversion has reentered the scene, particularly...

The regional landscape in Europe has changed during the last decades. After a period of conversion, processes of diversion has reentered the scene. In the aftermath of the economic crisis South European countries and regions have suffered due to declining economic activity. The trend toward...

Regional, structural change is currently among the greatest challenges facing the public sector in many EU countries at the moment. In countries like Finland, where the public sectors have a large role in providing educational, health and social services, structural change rapidly becomes a...

In most industrialized countries, employment has grown predominately in jobs at the upper and lower tails of the wage distribution, while employment in the middle part of the distribution has stagnated or declined. This process of job polarization is well documented for a number of countries. We...

In the last two decades, due to falling barriers to trade and investment, the world economic scenario has profoundly changed. Few rich countries (United States, Great Britain, France, Japan, Switzerland, Germany and the Netherlands) have been securing a substantial stake in worldwide production...