Regional Economic Policy in a Changing Environment

  • Gernot Hutschenreiter

Nowadays regional policy measures are expected to satisfy more stringent criteria than in the past. In accordance with this trend the program "Regional investment premium" has been evaluated concurrently from the inception of this program to its end. Changes in the environment require that policy measures be targeted at regional focal points. The increase in the importance of locational factors such as infrastructure and infostructure will necessitate a reallocation of financial resources. The promotion of collaboration between firms in networks (with regard to marketing, training of the labour force, and innovation) should be given priority over other support schemes.