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The economic growth in a system of regions: a theoretical model

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  • R.M. Melnikov

Abstract

The paper formulates a theoretical model of economic growth in a spatial system of interrelated regions that captures the effect of interregional operations on national growth and validates a strong regional policy from the central government. The model implications and possible consequences of central investment policy on regional development are studied with simulation experiments. The calculations have shown that goals of promoting national growth and goals of weakening regional disparities are not incompatible.

Suggested Citation

  • R.M. Melnikov, 2005. "The economic growth in a system of regions: a theoretical model," Journal "Region: Economics and Sociology", Institute of Economics and Industrial Engineering of Siberian Branch of RAS, vol. 2.
    • Handle: RePEc:nos:regioe:2005-2_1
    Note: Theoretical Issues of Regional Economics
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