Most of the studies on convergence in regional GDP per capita estimated (beta) convergence among EU regions, at both EU-15 and EU-27 level. However, the speed of convergence is not constant either in time or between regions. Results for other variables, like health variables, are inconclusive....

This paper begins with a conceptual approach to the third sector, followed by a review of the relationship between investment and growth. The empirical component focuses on Portuguese NUT III Douro and Alto Trás-os-Montes regions, which are said to be less developed, and have been the...

Comparing the economic development and current situation of the internal markets of the U.S. and the EU, two things are noticeable. On the one hand, the EU is conducting massive regional policy programmes (notably the Structural Funds) to foster economic cohesion among the 27 nations belonging...

Regional economic development is driven by the accumulation of production factors. More traditional factors like labour and physical capital are accumulated under the law of diminishing returns. This, in turn, allows less developed regions to better perform. Recent branches of theoretical and...

The aim of this study is to examine the regional policy and the governance model of Lombardy and to highlight the most important factors of its success and to address the relevant risks. The main source of success of Lombardy was the implementation of the subsidiarity principle in the area of...

The globalization of the economy has led to increased competition between regions when it comes to innovation and business development. Recent research in southwest Norway shows that companies that have a wide range of international partners are significantly more likely to develop new products...