The primary objective of this book is to address a formal representation of household economy in welfare economics in spatial terms. Although it has been argued since the nineteenth century that in exploring a reasonable indicator to measure the real welfare level of households, several difficulties remain to be faced in economic theory. The most relevant method in this specific topic is social welfare function. While various types of indicators were historically developed and improved as a replacement of existing economic growth indicators such as GDP and GRP using social welfare function,...

This book explains the roles of the industrial location in vitalizing regional economies in various economic environments created due to the progress of globalization. Here, this book elucidates the impact of industrial location and locational factors on regional economies. It clarifies the effects on industrial location of regulations and corporate tax. And the book explains the regional economic influence of the employment and agglomeration that are factors influencing the location. It also focuses on some countries and examines the relationships between the industrial location and the...