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Equilibrium regional disparities: Theory and British evidence

Book or journal references : Regional Studies, vol. 37, pp. 675-686 (2003).

Author(s) : Rice , P. and Venables , A. J.

Abstract :

Regional inequalities in many countries, including the UK, are large and persistent. They show up in a number of economic variables, most of them endogenous, making it difficult for the researcher to identify the underlying causes of the disparities. This paper uses sub-regional data for Great Britain to identify spatial patterns of disparities. It then compares these patterns with those predicted by a theoretical model under a number of alternative hypotheses about the underlying cause of the disparities. The approach lays the groundwork for theory based econometric modelling of the causes of regional inequalities.


Keywords :

regional inequalities; economic geography; UK regions

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