What will come first ? non-acceptable global warming or extinction of oil reserves? Both processes can bring substantial costs to the mankind, but their order has important economic implications. The answer to this question will either lower oil price in the long run or will lead to its further...

Russia is one of the most heterogeneous countries, consisting of more than 80 regions. Among other features, its regions vary by their involvement in international trade and by vulnerability to external shocks. Russian economy is becoming more open, but openness of regions varies greatly,...

The relationship between decentralization and the quality of governments is one of the core issues of decentralization studies. This paper aims to make two contributions to this research. Firstly, we conduct an empirical analysis at the local level, covering 174 regions across the European...

Maritime location of Canada has not been questioned by many generations of researchers. However, a quick look at the map or the coastline measurements do not always allow to identify the real sources of its inalienable properties. Canada ranks first in coastline in the world and is formally "the...

Tourism sector is playing an important role in the development of a region, contributing to the economy growth and job creation. Despite of the actual crisis, Tourism activities continues to growth in the last year (UNWTO 2011). Also, Spain maintains in the better positions of the world ranking....

The Policy of regional development consists of two crucial components: objectives and the system of their achieving. Financial resources comprise one of the main parts of the latter. The aim of the paper is to present the system of financing the socio-economic regional development in Poland...

The paper deals with the problematic addressed in the above subtitle; i.e. that ?smart specialization? indicates old wine (specialization) in new bottles (smart), but is in fact new wine (diversity) in old bottles (specialization). This confusion will obviously lead to problems with respect to...

A growing body of theoretical contributions and empirical studies has explored how the spatial distribution of public resources and governmental transfers is likely to be driven by efficiency and equity, as well as by political considerations. This article applies this line of research to...

The influence of general economic and fiscal policy is in recent years more significant than ever. Tight budgets sets limits on public spending in general and on regional development in particular, both with regard to programs specifically targeted on regional issue, but often also indirect due...

This paper focuses on the evaluation of an incentive program for firms implemented in southern Italy during the last decade. In the framework of the policy instruments aimed to reduce territorial disparities, and to support local development, territorial integrated projects (TIP) constituted a...