Serbia is a country in transition, the one which, after '90ies of the last century, has passed through number of difficulties, which had manifested in change of social and economic system, change of economic and social structure, and all other consequences followed by those changes. The path...

The focal point of this article is to discuss whether or not, or to which extent, nature protection can be considered a factor differentiating the level or speed of regional socio-economic development. We decided to use empirical evidence in order to test the historical belief that nature...

This paper focuses on three (marginal?) questions surrounding the analysis of economic convergence and uses Spanish provinces as a means of illustration. The three questions in hand are as follows. Given that the geographical units of analysis are usually quite different in economic size, is the...

Proposes an empirical analysis of regional convergence in Canada based on the growth model of Barro et al. In an open economy with perfect capital mobility, if domestic residents cannot borrow abroad with human capital as collateral, the dynamics of human capital accumulation is the driving...

UK regional data on GDP and the GDP deflator are analysed to extract information on underlying demand and supply shocks as well as aggregate demand and supply shocks. Identification is achieved using long run restrictions, based on a theoretical model. The main results are that the supply shocks...

This paper contrasts the different regional effects of an homogeneous monetary policy, and studies the local characteristics that underlie these differential responses. To this purpose, we use Spanish regional data and estimate a vector autoregression (VAR) model using seemingly unrelated...

Purpose – This paper seeks to assess the importance of time-varying regional patterns to countries' per capita growth rates, and their effect on the conclusions that can be drawn from growth regressions. Design/methodology/approach – Pooled ordinary least squares on a data set of five-year...

Marginality is a complex phenomenon resulting from the specific natural, economic as well as socio-cultural attributes of individual regions. It includes impossibility (of majority) of the population living in a given territory to integrate itself into the main developmental trends (e. g. Moller...