This paper examines the existence of regional agglomerations of manufacturing, service and creative industries, the relationship between these industries and the wealth of regions and their industrial structure. Through an analysis of 250 European regions, three important conclusions can be...

This article examines the evidences of moral hazard and the determinants of risk-taking among 500 banks in Central Europe, the Baltic, and Balkan region. We analyze moral hazard incentives and investigate which factors impact the risk profile of the banks in empirical relationships between...

Spatial aspects of economic and social cohesion have become a major target in European policy in the last decades. By combining the structural funds with spatial development perspectives, the recently introduced concept of territorial cohesion obviously functions as link between EU regional...

This study suggests a two-step approach to identifying and interpreting regional convergence clubs in Europe. The first step calculates Bayesian probabilities for various assignments of regions to two clubs using a general stochastic space-time dynamic panel relationship between growth rates and...

The performance of a firm is influenced by decisions made by the firm itself as well as factors external to it. Firm competencies are important but also competencies that pertain to territories. External factors encompass different aspects of the environmental context in which firms operate,...

There is a rich debate in the innovation literature about to what extent innovation has become an international (or globalised) phenomenon, or, on the contrary, it maintains its local/regional character. As Koschatzky (2001) notes, given the fact that knowledge is commonly tied to personal...

The research in the topic of industrial districts has been focused on the identification of which industries are forming industrial districts and on the causes behind the development of the clusters. As well as there are historical and efficiency reasons that are behind the current configuration...

The success of the energy transition is important in order to limit climate change and its consequences. However, the expansion of renewables faces several challenges. In particular, there is growing resistance to renewable projects at the local level. Therefore, we examine preferences for...

Since the beginning of 2010, European Commission has launched the new strategic framework for Europe, which is now known as the "Europe 2020 Strategy". This new strategy has been set as the successor of the so called "Lisbon-Gothenburg Strategy" which was set in early '00 as the strategy for...