7921507129
REGIONAL INSTITUTIONS AND ECONOMIC GROWTH OF REGIONS
June 2014
Jacek Zaucha1
Abstract
The paper presents the results of review of literaturę on the role of institutions in development. The paper refers to the new economic geography and its findings on the importance of immobile territorial assetsfor local and regional development. This obsen/ation also plays an important role in the place-based policy paradigm proposed by Barca. Institutions such as soda! norms, sodal Capital or governance can be understood as immobile assets that cannot be easily replicated in other parts of the world and thus form specific development milieu. This paper examines how the concept of immobile assets has been used informal growth models within the mainstream of economics.
Growth models usually assume that institutions affect the stock of resources (especially human Capital) and their productivity. They are thus recognized as an element of TFP or in the equations portraying the accumulation of factors of production. The complexity of institutions, their universal character at least at a country level and lack of appropriate indicators makes the research on the impact of institutions on regional growth inconclusive.
JEL classification: 043, Rll, R12
Keywords: growth, territorial assets, institutions, regional institutions, economic
growth
The paper uses the results of the project financed by the Polish National Science Centre "Concept of the territorial cohesion in cohesion policy. Implications for Economic Growth" (number 2012/05 / B / HS4 / 04212).
Jacek Zaucha, PhD, Associate Professor, University of Gdańsk, Faculty of Economics, Department of Macroeconomics, iacek.zaucha@gmail.com: Institute for Development, Research Fel Iow,
Wyszukiwarka
Podobne podstrony:
COPPER AND LIMĘ INTERACTION ON THE GROWTH OF CORN ON TROPICAL PEAT TABLE1 The Chemical conientof pea
687 Aktywność społeczna i ekonomiczna stowarzyszeń i fundacji...SOCIAL AND ECONOMIC ACTIVITY OF
83. C.65402 W.53764 W.53765 INCOME polarization and economic growth / Michał Brzez
PRZEGLĄDEUROPEJSKI Political and economic aspects of security i n the EU -theory and.practice 2020 B
• Buying and selling Elements of English trade correspondence ■ preparation to the
136GEOMORPHOLOGICAL AND HYDROLOGICAL EFFECTS OF UNMETALLED ROAD NETWORK FUNCTIONING ON THE EXAM
Logistyka - nauka The dynamie eigenvalue problem of concrete slab road surface Abstract The paper pr
tnc Annex table A.I.5. Number of parent corporations and foreign afflliates, by region and economy,
10 Joanna Rakowska Tab. 1. The number, total value and EU funding of projects carried out by regiona
Krystyna Poznańska Cooperation of science and economy on the example of Masovia higher education ins
Technique of Taxation The essence of the Institute’s proposal reduces to this. The growth of product
The legacy and the futurę of the region: How to Prepare for the Revolution in Society. Trade. Servic
SAS Institute and SGH - Warsaw School of Economics proudly present this document to for successful c
gcographical, and Imgumk affmicics of this region to thc adjacent Dina kil arras of Ethiopia. 14
więcej podobnych podstron