This paper offers a concise critical overview of Okuns Law, with particular attention for its relevance in open economic systems of regions. Based on an extensive set of economic data for Finnish regions, the existence of cointegration is tested by using alternative statistical methods, viz. the...

Modern spatial-economic systems exhibit a high degree of dynamics as a result of technological progress, demographic evolution or global change. In the past decade, an avalanche of new regional economic growth and innovation models has been put forward. This volume contains a unique collection...

The need for informed and effective insights into key concepts and models of regional development and growth, from an endogenous growth perspective, has risen over the past decade. These recent advances address in particular local and regional assets and characteristics comprising inter alia...

Early studies of rural development suggested that newcomer rural entrepreneurs are important agents of change and responsible for new spatial development, but more recent research has concluded that there is no difference between newcomer and local rural entrepreneurs in this respect. Much of...