"Development" isn't only an economic notion but also it consist of so many meanings such as social, cultural manners, production and consumption ways. During the development process, development units could be growth in vary times and space. At this point what has to be told, which sector and...

Modern (endogenous) growth theory tells us that knowledge spillovers are crucial for the growth of high-income economies. Against this background the paper provides a survey of theoretical and empirical findings highlighting the question of how geographically limited knowledge diffusion can help...

After the German reunification, interregional subsidies accounted for approximately four percent of gross fixed capital investment in the new federal states. We show that between 1992 and 2005 infrastructure and (small) business aid had a negative net impact on regional economic growth. This...

Knowledge drives the growth of nations and regions in a competitive space-economy. Hence, we would expect a strong correlation between investments in R&D, knowledge and learning processes, on the one hand, and productivity increases, on the other. However, the empirical evidence shows consistent...

This paper examines the extent to which sectoral diversification can act as an insurancemechanism against fluctuations in regional gross value added growth rates. I apply portfoliotheory to the growth-instability properties of German districts. Furthermore, Idefine a comprehensive...

Inconsistencies in targeting and forecasting during the process of strategic planning in regions' subjects of Russian federation is atopic of the paper presented. It presents the results of analysis of regional strategies of long-term socio-economic development performed for federal subjects of...

This paper looks at the Cohesion Policy of the European Union (EU) and investigates how the EU agricultural and rural development policies shape its influence on regional growth. The analysis of the drivers of regional growth shows that the EU Regional Policy has a positive and significant...

The study investigates the role of Banco do Nordeste do Brasil (BNB) as a financing agent for regional development policy (PNDR). Initially, it brings a brief discussion on ways of acting public development banks (BD) in the contemporary world. The analytical effort then focuses on identifying...