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Title:Barriers to Diversification and Regional Allocation of Capital PDF Logo
Authors:Broll, Udo
Roldán-Ponce, Antonio
Wahl, Jack E.
Issue Date:2007
Series/Report no.:Dresden discussion paper in economics 14/07
Abstract: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.
Subjects:Regional policy
agglomeration
diversification
allocation
risk aversion
prudence
JEL:R30
R12
R38
Document Type:Working Paper
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

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