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...

The new paradigm of regional policy is based more on competitiveness, innovation and internal potential of regions than on balancing regional disparities by public aid only. Innovation policies are being established and implemented at national and regional levels covering relatively a broad...

Regional development and regional policy are not only economic categories discussed by politician, European Union but also by individual territories, regions and counties. Marketing places, as a specific form of marketing, is one of instruments (in hand of regions), that could be used in...

From a broad philosophical framework, this paper addresses the relation between freedom and economic performance. It argues for the thesis that, although a liberal system does not guarantee absolute harmony, is the only "convenient" and morally valid for a modern society. The core of this...

The study investigates disparities in social development in 144 countries worldwide. In the paper we aim to investigate cross-country differences in social development level in year 2011, as well as to estimate inequalities on the field. Secondly, we assess relative social development level...

The New Keynesian Real Business Cycle model with staggered price adjustment is augmented with a R&D producing sector. Two sources of economic shocks are considered, namely random paritcipation (perturbances to value of alternative investment opportunities in another sector) and financial...