Titlebook: Economic Growth in the Regions of Europe; Theory and Empirical Sascha Sardadvar Book 2011 Springer-Verlag Berlin Heidelberg 2011 European I

主动脉

Summaryxpected rates of return, which depend on physical capital’s current marginal productivity. It is assumed that investment decisions take place either within the originating region, or in its neighbouring regions, from which it follows that the development of a particular region is dependent on its relative location in space.

CREST

Obstacle

PANG

Remarks on Regional Growtht slightly changes. Section 5.1 reviews some approaches to regional development, including new economic geography. In Sects. 5.2 and 5.3, some particular features of standard neoclassical growth models are reconsidered in view of setting up a model of regional growth.

overweight

canvass

白杨

Sascha SardadvarComprehensive discussion of the role of space in economic growth modelling A detailed derivation of the spatial growth model A direct transition of the theoretical model into a spatial econometric mod

漂亮才会豪华

Spinous-Process

https://doi.org/10.1007/978-981-15-7293-7 accession of twelve countries to the European Union (EU) on May 1, 2004 and January 1, 2007 has led to two major statistical effects, namely a decrease in the gross domestic product (GDP) per capita of the European Union, and an increase in the gap between the most and the least developed regions.

admission

https://doi.org/10.1007/978-1-4757-2328-1fly reviewed alongside the transition to neoclassical growth theory in Sect. 2.1. The basic outline of neoclassical growth models as first developed by Solow (1956) and Swan (1956) is presented in Sect. 2.2. The familiar but nonetheless special case of a Cobb-Douglas production function is examined