A growth model of a developing economy facing an upward sloping supply curve of debt is analyzed. Equilibrium is characterized by transitional dynamics in which consumption, capital, and debt converge to a common growth rate. The adjustment is through the debt-capital ratio, which drives the...

This book investigates dynamic regions in the context of greater global interaction in a world economy increasingly driven by knowledge and innovation. It offers novel empirical evidence on the underlying factors of the growth performance of these spaces. In particular, the following questions...

Introduction -- PartI: Economic Growth in a Knowledge - Based Economy -- Part II: Globalisation, Competitiveness and Growth -- Part III: The Role of Public Policies in Fostering Innovation, Competitiveness and Growth