BIROn - Birkbeck Institutional Research Online

    Regional income disparities, monopoly and finance

    Feldman, M. and Guy, Frederick and Iammarino, S. (2021) Regional income disparities, monopoly and finance. Cambridge Journal of Regions, Economy & Society 14 (1), pp. 25-49. ISSN 1752-1378.

    [img] Text
    CJRES REV2 Clean 27072020 names figures.pdf - Author's Accepted Manuscript
    Restricted to Repository staff only

    Download (2MB) | Request a copy
    [img]
    Preview
    Text
    32720a.pdf - Published Version of Record
    Available under License Creative Commons Attribution.

    Download (1MB) | Preview

    Abstract

    The overall rise in inequality in the U.S. since 1980 has been matched by a rise in inequality between places; local and regional development policies aimed at reversing this polarization have seen limited success. We propose an explanation for the spatial polarization of prosperity and the failure of the policies to remedy it. Our explanation is based on the interaction of monopoly power, agglomeration economies in technology clusters, and the power of financial sector actors over non-financial firms – all phenomena characteristic of the post-1980 economy. We review evidence for each of these elements and propose some causal relationships between them, as an outline of an ongoing research program.

    Metadata

    Item Type: Article
    Additional Information: This is a pre-copyedited, author-produced PDF of an article accepted for publication following peer review. The version of record is available online at the link above.
    Keyword(s) / Subject(s): regional income distribution, monopoly, technology clusters, platforms, financialization, spatial inequality JEL Classification: R11, R12, F61, F62, F65, O33
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Depositing User: Frederick Guy
    Date Deposited: 31 Jul 2020 09:53
    Last Modified: 02 Aug 2023 18:01
    URI: https://eprints.bbk.ac.uk/id/eprint/32720

    Statistics

    Activity Overview
    6 month trend
    122Downloads
    6 month trend
    219Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item
    Edit/View Item