This paper addresses Marx’s theory of crisis in order to analyze the Great Recession Spain, a peripheral economy within Eurozone. It demonstrates that underlying problem “housing bubble” is an incapacity generate surplus value, which turn explains certain particularities related capital composition, productivity, wages, and finance. The article further carries out critique both orthodox heterod...

This paper studies the effect of regional spillovers on the rate of finn formation in two major West Gennan industries for the time period from 1989 to 1993. I exploit regional variations in finn fonnation at the county level to identify the effects of historically given industry structure and employment structure on the emergence of new firms. The results are consistent with the existence of l...

To promote industrialisation of the backward areas in the country, growth centres providing infrastructure to enable the states to attract industries, were set up by the Government of India in 1988. In this study, I assess the performance of growth centres, taking into account the impact of growth centres on firm location. I do not find growth centres to have a statistically significant effect ...

Williamson (1965) argued that catching up countries experiencing strong national growth tend also to see a widening in regional disparities, whereas in more developed economies strong national growth and falling regional disparities could go hand in hand. We find some evidence of a trade-off between national growth and regional dispersion in the EU’s Cohesion countries, notably in Spain and Ire...

In this introduction the editors showcase the papers by way of a structured project and seek to clarify the two key concepts cited in the title. We consider the history of the idea that knowledge is an economic factor, and discuss the question of whether regions provide the relevant system of reference for knowledge-based economic development. Current transformations in university-industry-gove...

Migration decision-making in developing economies is addressed from the perspective of status in the labor force (unemployed or unemployed) and traditional concerns with utility maximization are expanded to include the role of assets and access to capital markets. A dynamic model is formulated and the results reveal that the migration mechanism is efficient when workers have access to borrowing...