Regional policy and investment behaviour: The case of Greece, 1971-1982
The present paper reports an attempt to evaluate the relative effects of regional policy on investment in Greek manufacturing industry during 1971-82. A generalized neoclassical model of investment behaviour is used allowing for separate estimates of the effects of different policy instruments. Both regional investment incentives and infrastructure expenditures were found to exert a significant influence on capital formation. Simulations with alternative policy cornbinations showed that if incentives were accompanied by more equally distributed infrastructure expenditures the cost of the policy would be the same but its effects would be enhanced: an equal amount of investment would be created with a fairer regional distribution.
|Date of creation:||1989|
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- Helen Louri, 1988.
"Urban Growth and Productivity: The Case of Greece,"
Urban Studies Journal Limited, vol. 25(5), pages 433-438, October.
- Louri, Helen, 1988. "Urban growth and productivity: the case of Greece," MPRA Paper 29934, University Library of Munich, Germany.
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