It has been argued that 'creative class' as a source of growth has gained increasing attention in recent years. According to Florida, a main factor in explaining creativity driven growth is the locational choice of creative people. This research investigates the spatial distribution of creative...

Objectives: This paper aims to examine the transition process from the development and state of entrepreneurship in 15 former European socialist countries during 2006-2012. Our focus here is not on the full but on just one dimension of transition, entrepreneurship. While it is surely the case...

SMEs play an important role in the development of regional innovative systems because of their potential to accept new technologies and show fast growing rates. There is an interdependence between emergence of fast growing SMEs ('gazelles') and innovative development of regions. High level of...

Using a panel data model, we study the effects of regional and industry-level traits on new business formation (NBF) for 164 industries across 266 Chinese prefectures between 1998 and 2007. The objective is to provide empirical estimates on effects of prefecture traits on entry rates, and in...

This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of the line of thought of its prevalent explanation in equilibrium economics which is focusing on market failures as its key underpinning and which is the major toolkit of...

This paper analyses the relationship between household cost of living and wages in the Brazilian metropolitan regions. The country's economic growth in the last decade contributed significantly to structural economic changes at the regional level, in terms of employment, population growth and...

Slovakia is on route for searching its development model. It required courage to take bridge programs for invention, innovation and creativity. A new culture is created in relation to the third industrial revolution. It relies on the dispersion potential, universally available energy sources,...