While European integration has substantially contributed to economic convergence between the member states of the EU, the diverging development of highly developed metropolitan regions and lagging rural areas has become a growing challenge especially for the new member states in Central and...

In this paper, we aim at re-assessing the undisputed positive relationship between innovation and economic growth by questioning the view that R&D (and formal knowledge in general) equates innovation and innovation equates regional growth. We rather propose that these linkages are strongly...

Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...

Empirical analyses highlight local structural features (territorial capital) as constraints on regional growth and interregional convergence processes, but scant attention is devoted to traditional localised resources and specifically the natural and cultural heritage. However, only the...

The aim of this chapter is made to test the validity of purchasing power parity (PPP) between the Slovak Republic vis-à-vis the member countries of Visegrad Group using Augmented Dickey-Fuller (ADF) test for unit root and various techniques inspecting the presence of cointegration (i.e. the...

The main aim of the paper is to point out the differences in entrepreneurial environment institutional frameworks between the Visegrad four countries (the Czech Republic, Slovakia, Poland and Hungary - V4) and Finland. The comparison of institutions affecting entrepreneurship was based on...

The purpose of this paper is to investigate Efficient Market Hypothesis (EMH) for Visegrad Group. The stock prices have been analyzed for the period between 1995 and 2014 with panel multiple structural breaks unit root test which is developed by Carrion-i-Silvestre et al. (2005). According to...