Barriers to Diversification and Regional Allocation of Capital

In order to evaluate the allocational effectiveness of regional policy when harmonizing regional economic conditions firms? preferences play a pivot role. If harmonization hinders risk diversification of the firm, then instead of regional diversification of capital agglomeration of capital occurs. Hence, regional policy will not achieve its objective to equal the spatial allocation of capital.

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Year of publication:	2007
Authors:	Broll, Udo ; Roldán-Ponce, Antonio ; Wahl, Jack E.
Institutions:	Fakultät Wirtschaftswissenschaften, Technische Universität Dresden
Subject:	Regional policy \| agglomeration \| diversification \| allocation \| risk aversion \| prudence

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Extent:	application/pdf
Series:	Dresden Discussion Paper Series in Economics. - ISSN 0945-4829.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 14/07
Classification:	R30 - Real Estate Markets, Spatial Production Analysis, and Firm Location. General ; R12 - Size and Spatial Distributions of Regional Economic Activity ; R38 - Government Policy
Source:	RePEc - Research Papers in Economics

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