Implications of Scaling Violations of F2 at HERA for Perturbative QCD

We critically examine the QCD predictions for the $Q^2$ dependence of the electron-proton deep-inelastic structure function $F_2(x,Q^2)$ in the small $x$ region, which is being probed at HERA. The standard results based on next-to-leading order Altarelli-Parisi evolution are compared with those that follow from the BFKL equation, which corresponds to the resummation of the leading log$(1/x)$ terms. The effects of parton screening are also quantified. The theoretical predictions are confronted with each other, and with existing data from HERA. (3 Postscript figures included).