A new model of economic growth introduces the knowledge filter between new generic knowledge and economically-useful knowledge. It identifies both the formation of new ventures and the absorptive capacity of incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical...

A new model of economic growth introduces the knowledge filter between new knowledge and economically useful knowledge. It identifies both new ventures and incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical work has shown that new firms are more proficient at...

Regions with high population agglomeration have always been important centers of growth throughout history. However, little is known about the economic spillovers an agglomerated region produces on its neighboring areas. In this paper, I look at the effect of growth of an agglomerated county on...

Government subsidies to the manufacturing sector are popular in developing countries. This paper studies the long-run effects of a large-scale regional industrialization campaign in China, known as the “Third Front" (TF) construction. Motivated by national defense considerations, the TF...

In 1998 Indonesia embarked on an ambitious course of decentralisation. Over a period of a few years, facilitated by financial transfers from the central government, responsibility for many public services and administrative tasks were devolved to local authorities. This process is continuing....

While India’s per capita income is converging towards that of the richer countries, inequality has drifted up. Spatial inequality – across states and between urban and rural areas – is pronounced, with large differences in output per capita and in access to core public services, such as...

This chapter critically assesses, from an economic viewpoint, the role of the arts and culture in urban and regional development and growth. This includes the analysis of short run spending impacts, and longer term effects on location quality and creativity. In addition, the specific...

Circular Economy (CE) aspects are becoming increasingly relevant for a sustainable transition and regional development. Still, a methodology to assess regional performance and interregional differences is exclaimed to be missing at least in the European context. This gap makes it difficult to...

We investigate the impact of new business formation on regional employment. The main effects occur after a considerable time lag. Obviously, a large part of the effect is not due to job creation by the newcomers but rather is of indirect nature. This implies that a large part of the debate about...