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The regional economics (also regional economy) is a special discipline of the political economy and the regional science. It concerns itself with the economic connections in regions and represents thus the economical counterpart to the external trade. The economically next lower investigation level forms the town economy.
The regional economics is concerned with macro-economic and micro-economic aspects. Neighbouring scientific areas are among other things environmental economics, traffic economy and area planning.
The regional is concerned with stability and the growth of regions. Important aspects thereby are regional economic cycles, regional dye and regional mismatches - i.e. thus the question, why some regions are wealthier than others.
For the regional policy it therefore is macro-economically in particular of importance in what respect regional mismatches can be eliminated. Typical methods in addition are financial adjustment concepts as for instance the German land financial adjustment. In addition, the European union tries to eliminate - in particular with the help of the structure funds - the regional differences in the European Union.
The examines location decisions as well as regional market incompleteness on regional level in particular. Location decisions thereby v. A. affected by regional competition advantages such as infrastructure, tax law or education.
The regional economics e.g. receives far less attention than externaleconomical phenomena in the public like the European integration or the globalization. The science has both politically and economically at meaning won, there in opinion of different economists the transmission (economics) of political powers on a supranational level (for example UN, World Trade Organization or European Union) a functional regional (economics) policy far more important nevertheless makes.
This increasing meaning of the regional economics shows up for example in the current economic key word cluster (economics), which found entrance into the economic policy over the promotion of technology and founder centers also and which replaced traditional watering can principle within wide ranges. Strongly the modern cluster theory of the US-American economist Michael E was affected. Porter.
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