Many studies have focused on spatial patterns in economic growth. For the case of Europe, these studies have indicated that growth is spatially dependent and that clustering as well as de-clustering are parts of economic development processes. The distribution dynamics approach has revealed...

Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...

The importance of political local coalitions in shaping local governance structures conducive to economic growth has been a subject of research for numerous years, both in rich economies as well as in emerging countries. In spite of such amount of research, little attention has yet been paid to...

A new urban revolution begun in the second half of the XX century and it is going to challenge the relation between the size and economic role of cities: on one side, the last decades have witnessed the emergence and the never seen growth of a number of Mega-cities, with more than 9 million...

The recent history of Europe is characterized by a dual picture showing the Old and New countries in sharp contrast with respect to their industrial specialisation and economic performance. We aim at analyzing the intertwined performance of regions and industries in New and Old European...

Small and medium sized enterprises (SMEs) account for about 99% of all enterprises in Croatia as well as in the EU economy. In most industries, SMEs attribute to much of the capital stock, employment, and a significant fraction of innovations. Among all SMEs, those that are growth-oriented make...

The paper presents issues related to the risk of growth failure of SMEs operating in the shadow economy and discusses determinants and paths of business growth. The participation of companies in the shadow economy affects their operations, and thus the processes of their growth. On the one hand,...