Purpose – The purpose of this paper is to investigate convergence or divergence trends at global scale. Design/methodology/approach – The paper questions the methodology and findings of the conventional convergence literature using linear OLS models. It introduces polynomial (quadratic)...

This paper uses the concept of knowledge-based economic dynamism to overcome the simplified perspective on economic performance implied by the economic growth variable. Knowledge-based economic dynamism refers to the potential an area has for generating and maintaining high rates of economic...

The objective of this paper is to question the conventional convergence literature, which bases its findings on the use of linear regression models. With the use of quadratic WLS regression analysis we show that a number of indicators of economic performance follow a pattern of change that is in...

This paper explores the role and importance of the four, closelocated, metropolises of south-eastern Europe (Skopje, Sofia, Thessaloniki and Tirana) and proposes a strategy that promotes metropolitan growth and development, maximizes spread effects to national hinterlands, and advances...

The paper develops a theoretical framework of socioeconomic organisation to enrich understanding of the complex interrelation between economy and institutional environment. To achieve this, key elements from both new and old institutional economics are combined and integrated under the...

Over the last years the issue of property market efficiency has attracted increasing attention in both academic and professional research. Yet, the concept of property market efficiency is poorly developed and inadequately theorised. The conventional approaches (i.e. ‘allocative...