Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper argues that a reality-based growth theory must...

Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper argues that a reality-based growth theory must...

The regional landscape in Europe has changed during the last decades. After a period of conversion, processes of diversion has reentered the scene. In the aftermath of the economic crisis South European countries and regions have suffered due to declining economic activity. The trend toward...

A new regional balance: Challenges and opportunities for intermediate city regions in Europe. The regional landscape in Europe has changed during the last decades. After a period of conversion, processes of diversion has reentered the scene. In the aftermath of the economic crisis South European...

This paper examines the models of economic growth and the dynamic interaction between models from the Solow Model to New Endogenous Models. Long-term relationship of these models is noticed to have been related in terms of causality. Model comparisons were made to examine their dynamics which is...

The regional landscape in Europe has changed during the last decades. After a period of conversion, processes of diversion has reentered the scene. In the aftermath of the economic crisis South European countries and regions have suffered due to declining economic activity. The trend toward...

This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55–56 percent. Moreover, the debt dynamics begin changing well before this...