Regional inequality in Europe: evidence, theory and policy implications

Iammarino, Simona ORCID: 0000-0001-9450-1700, Rodríguez-Pose, Andrés ORCID: 0000-0002-8041-0856 and Storper, Michael ORCID: 0000-0002-8354-792X (2019) Regional inequality in Europe: evidence, theory and policy implications. Journal of Economic Geography, 19 (2). 273 - 298. ISSN 1468-2702

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Abstract

Regional economic divergence has become a threat to economic progress, social cohesion and political stability in Europe. Market processes and policies that are supposed to spread prosperity and opportunity are no longer sufficiently effective. The evidence points to the existence of several different modes of regional economic performance in Europe, responding to different development challenges and opportunities. Both mainstream and heterodox theories have gaps in their ability to explain the existence of these different regional trajectories and the weakness of the convergence processes among them. Therefore, a different approach is required, one that strengthens Europe’s strongest regions but develops new approaches to promote opportunity in industrial declining and less-developed regions. There is ample new theory and evidence to support such an approach, which we have labelled ‘place-sensitive distributed development policy’.

Item Type:	Article
Official URL:	https://academic.oup.com/joeg
Additional Information:	© 2018 Oxford University Press
Divisions:	Geography & Environment
Subjects:	G Geography. Anthropology. Recreation > G Geography (General) H Social Sciences > HB Economic Theory J Political Science > JN Political institutions (Europe)
JEL classification:	R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, and Changes R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R12 - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R58 - Regional Development Policy
Date Deposited:	17 Apr 2018 10:33
Last Modified:	11 Dec 2024 21:35
Projects:	2017CE16BAT038
Funders:	European Commission
URI:	http://eprints.lse.ac.uk/id/eprint/87491

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