Giving a new answer to an old question, this book shows that fiscal decentralization is a method to disclose the preferences of currently living and future generations for local public goods, to limit the size of the government, and to avoid excessive public debt finance

This paper constructs a dynamic two-regional general equilibrium model, in which the interregional production and trade patterns are endogenously determined. By embedding an endogenous growth mechanism in this approach, it becomes possible to show why and how localized growth with different...

Problems related to labor migration on a large scale in South-North as well as in East-West direction are high on the agenda. This papers presents an endogenous growth model for two regions with human capital formation as the engine of growth. The model is used to analyze the growth (rate)...

The long-run effects of regional integration are analyzed in this book. On the basis of the development of a model of endogenous regional growth (which combines an endogenous growth model with aspects of ""new"" economic geography) and an empirical analysis of stylized facts for the European...