Abstract
An earlier article on regional economic policy by the present author considered a number of theoretical propositions in the light of recent French planning experience. There it was argued that social opportunity cost considerations would favor concentrating public investments in human capital in lagging regions, where the corresponding marginal products (short and long run) generally will be greater than in regions already relatively well-equipped along these lines. 1 However, no attempt was made to establish empirically the extent to which the needs of France's lagging regions are in fact related to insufficient investment in human resources. The present article is devoted to a detailed exploration of this issue, not only because of its importance within the French context, but also because of the insights which are provided with regard to more general problems of regional development, including those found in the Appalachian region.
Published Version
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