Many studies have focused on spatial patterns in economic growth. For the case of Europe, these studies have indicated that growth is spatially dependent and that clustering as well as de-clustering are parts of economic development processes. The distribution dynamics approach has revealed...

Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to be associated with higher per capita GDP growth rates...

The interaction of inequality and growth and the direction of causality in this relationship have been an extensively discussed topic with several questions but without clear answers both in the theoretical and empirical literature. The current paper contributes mainly into the new economic...

The influence of general economic and fiscal policy is in recent years more significant than ever. Tight budgets sets limits on public spending in general and on regional development in particular, both with regard to programs specifically targeted on regional issue, but often also indirect due...

The abolition of the artificial impediments of cross-border interaction has produced a new EU regional socioeconomic map, releasing dynamics that have influenced significantly the EU socioeconomic space. Especially at the borderlands, a new mix of opportunities and threats has come forth,...

This paper reconsiders the evolution of the growth of American cities since 1790 in light of new theories of urban growth. Our null hypothesis for long-term growth is random growth. We obtain evidence supporting random growth against the alternative of mean reversion (convergence) in city sizes...

We report evidence that the relation between the financial sector share, private savings and growth in the United States 1948-1996 is characterized by several regime shifts. The finding is based on vector autoregressions on quarterly data that allow for Markov switching regimes. The evidence may...

Using the method of Caballero and Lyons (1990, 1992), I examine detailed Swedish manufacturing firm-level data on output and factor inputs from 1979 through 1994. Panel regressions show that an increase in aggregate output and inputs appears to raise individual firms production beyond private...

The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...

The age distribution is seldom taken into consideration in macroeconomic, and macro-econometric papers. This in spite of the fact that established economic theories predict that demographic factors will affect the aggregate economy. This paper focuses on economic growth and investigates...