Over the past two decades, cluster policies have become a standard instrument of public authorities and economic development practitioners in many parts of the world. This paper takes a critical stance on this phenomenon and provides theoretical arguments that challenge the widespread...

The Central European countries have experienced a decade of economic expansion succeeding the transition from previous state-commanded regime. Development of the markets together with subsequent economic integration provoked a fundamental reconstruction within their economies. This paper focuses...

In this paper we deal with the question of whether there exists an incentive for landlords to invest into energy efficiency of buildings in the Austrian real estate market. We discuss the general framework of the issue, which is characterized by the fact that landlords control the energy...

The issue of whether or not the real estate market is efficient has been debated extensively in recent years. We use a meta-analysis to shed light on the issue. A sample of studies published from 1984 is used to examine the robustness of the evidence regarding efficiency of the real estate...

In this paper we discuss the question whether or not the real estate market is efficient. We define market efficiency and the efficient market hypothesis as it had been developed in the literature on financial markets. Then, we discuss the empirical evidence that exists concerning the efficiency...

The attitudes of university faculty towards the expansion of universities’ missions to include assisting regional economic development and technology development by knowledge commercialization are analysed. Based upon surveys of faculty in the EU and in the United States, as well as secondary...