There is probably no question that regional price levels must be taken into account when any regional analysis is done and that price levels should be reflected in regional policies as well. The current approach of most researchers and policy makers is to use regional indicators converted, for...

Regional price levels should play important role in any regional analysis as plenty of indicators must be used in relation to the regional price levels and reflect the purchasing power in a particular region. The common approach in contemporary regional analyses is to use regional indicators...