In den letzten Jahren wurden Regionen, verstanden als räumliche Einheiten unterschiedlicher Größen innerhalb eines Landes, durch das Aufgreifen regionaler Entwicklungskonzepte, die Thematisierung von Innovationsnetzwerken sowie durch die Popularisierung des Cluster-Ansatzes zunehmend...

Based on a standard idea-based model of endogenous growth we test the hypothesis that regional innovative activity is path-dependent, and investigate the geographical scope of knowledge spillovers. Using data for West-German regions, two alternative indicators of the stock of knowledge are...

This paper establishes eight stylized facts on the evolution of the localization of economic activity across industries and regions in the EU-15 since 1980. Localization, which nests concentration and specialization, is measured by a Theil index. The stylized facts reveal a broad aggregate trend...

This paper argues for an ambitious but realistic approach to defining the future role of the International Monetary Fund (IMF). The IMF is the only international institution with the analytical capacity and political standing to hold all national governments accountable to the same standards for...