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

Applied econometrics has recently emphasized the identification of causal parameters for policy analysis. This revolution has yet to fully propagate to the field of regional science. We examine the scope for application of the matching approach – part of the modern applied econometrics toolkit...

Applied econometrics has recently emphasized the identification of causal parameters for policy analysis. This revolution has yet to fully propagate to the field of regional science. We examine the scope for application of the matching approach – part of the modern applied econometrics toolkit...

Rural areas still play a major role within the EU, as Europe is still a fairly rural continent. Moreover, EU rural areas are going through greater challenges and major transformations. After the Eastern enlargements of the EU (in 2004 and 2007), they are getting more and more heterogeneous, in...

Regional fiscal equalization in Germany aims to reduce fiscal disparities by allocating financial resources to less promising regions in order to support the supply of public goods. This paper aims to analyse secondary economic effects of regional fiscal equalization on several economic in- and...

We address a practical problem often faced by economic development organizations using data from the Greater Pittsburgh area. Local economic development organizations are often tasked with promoting the health and vitality of the regional economy. However, the unique composition of each...

Over the past three decades the field of regional computable general equilibrium (CGE) modeling has flourished, growing from a handful of top-down, single-region and low-dimensioned multiregional models, to a mature field, in which output of large-scale general-purpose multiregional CGE models...

This conceptual paper analyses the concept of development that is a process of progressive growth that generates a transition from simple to complex system. In economics, development is a multidimensional process that generates changes in economic, political, social and institutional structures...

Regional disparities in the development of regions of a country may slow the growth of the entire national economy. Determination of such disparities is required for the creation of proper economic policies, needed to take actions against factors hindering economic growth. Hidden economy is, on...