This paper presents an analysis of a public assistance program for small-scale entrepreneurship in peripheral areas. Public assistance compensates for market inefficiencies where the decision rules of financial institutions discriminate against otherwise viable small firms in capital markets....

Persky, Felsenstein, and Carlson explore a new framework for evaluating state and local economic development efforts. They propose a method, referred to as the "job-chains approach," that they say clarifies the potential justifications for economic development subsidies as well as the...

Most models of regional agglomeration are based on the new economic geography (NEG) model in which returns to scale are pecuniary. We investigate the implications for regional agglomeration of a 'Marshallian' model in which returns to scale derive from technological externalities. Workers are...

Social scientists have long used ‘chain’ metaphors, yet their methodological justification remains somewhat hazy. This paper offers a rationale for using chains to measure changes in economic welfare in urban and regional contexts. In contrast to the Marshallian surplus, which well describes...

Abstract A spatial vector autoregressive model (SpVAR) is defined as a VAR which includes spatial as well as temporal lags among a vector of stationary state variables. SpVARs may contain disturbances that are spatially as well as temporally correlated. Although the structural parameters are not...

Felsenstein D. and Portnov B. A. (2005) Understanding regional inequalities in small countries, Regional Studies 39 , 647-658. This paper revisits the commonly held view that small countries do not exhibit significant regional disparities. The issue is framed as one in which the attributes of...