Der Aufsatz gibt zunächst einen kurzen Überblick über die Entwicklung des Marktes für Wagniskapital in den USA und in Deutschland. Dann wird gezeigt, mit welchen besonderen Anreiz- und Vertragsproblemen die Finanzierung von Innovationen zu kämpfen hat und welche neuen Instrumente von der...

This study proposes a comparative analysis at regional level, of concentration level of expenditure co-financed by the Structural Funds in the programming period 2007/13. For main types of expenditure, we evaluate by the concentration index of Herfindahl-Hirschman the level of concentration of...

The economic and financial crisis has brought firms, territories and countries before a set of restrictions to a greater or lesser extent, function as the conditioners of economic activity for several agents, also affecting their activities associated with the development of its innovation...

The aim of this paper is twofold. First, we analyze the Inter-territorial Compensation Fund (ICF) as a regional policy instrument contemplated in the 1978 Spanish Constitution. Attention is focused on the period 1990-2013. Both the drivers of the ICF and its impact on regional public investment...

During the past two decades, the “Washington Consensus” has been the dominant recipe for unleashing economic growth in developing countries. In view of the strong criticism mounted against it, it seems to have lost prominence recently. The success of the East Asian newly industrialized...

China’s Western Development Strategy (WDS) has been carried out since 1999 with remarkable achievements, whereby Western China also experienced a rapid and stable development during the past decade. This paper analyzes policy actions and effects of WDS. The findings indicate that Western...

After the founding of P.R. China, China’s regional development strategy experienced the evolution progress of “Balanced Development→Unbalanced Development→Coordinated development”. There exist twice “GO-WEST” campaigns which laid the foundation of modern industries for wetern...

Regional, industry, innovative and knowledge-based clusters have become popular and important policy tools to boost economic development and competitiveness at regional level. The expectations of their role is still growing as it can be seen in the statements of official documents of European...

Five years ago the first theoretical works on industry clusters in regional development appeared in the Czech academic papers and conference proceedings. The research in this field, which was initiated at the Faculty of Economics at VSB-Technical University of Ostrava, was followed by other...

This paper aims to provide a contribution to the debate on the effectiveness of cohesion policies in Italy. The focus is on the territorial effects of EU spending from 1996 to 2007. The empirical analysis is based on the estimate of an expanded neoclassical growth model in which the Structural...