The theory of geographical markets is based on the notion that economic activity is not evenly spread and regional … purely region/local market specific attributes. Second, we extend the estimation of the demand side and partly use it as … to instrument station density, used in classical price estimation models, (partly) with demand factors. We find that …

If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of … economic development" in a very original way and having formulated his theory in a specific language. He managed to identify … growth theory that have appeared in the nineties. The "real carrier of economic development" matches to the "human capital …