Regional economics is a branch of economics that focuses on the study of economic activity, development, and issues at the regional or local level. It analyzes the factors that contribute to differences in economic performance, growth, and competitiveness across regions and cities. This includes the impact of location-specific advantages and disadvantages, such as access to natural resources, transportation infrastructure, and the presence of skilled labor, on economic activity. Regional economics also examines the effects of government policies and institutions on regional economic development, including tax policies, subsidies, and investment in infrastructure and human capital. The goal of regional economics is to understand the dynamics of economic activity and development across different regions and to identify policies that can enhance regional economic growth and competitiveness.
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