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Povzbudivý růst ekonomiky regionů: cílená regulace versus tržní autoregulace?
[The Sustainable Growth of Regional Economies: Targeted Regulation vs. Market Auto-Regulation]

Author

Listed:
  • Ivana Kraftová
  • Jiří Kraft

Abstract

New approaches are being searched for to assess regional policy in connection with the specification of a new paradigm of regional development. The article pays attention to the assurance of a sustainable growth rate of economies in Czech regions. The methodological base of the solution is a thesis on the analogy between enterprises and regions as relatively open socio-economic systems with a function of the welfare maximisation. The data from 2002-2006 are analysed. The oscillation around the value "1" occurs with inter-annually in 10 regions from 14; the inter-annual oscillation is corrupted in 3 cases, when the trend continues in sequence, even though with other intensity. On the one hand, it is necessary consider all factors influencing regional policy tools; on the other hand it is also necessary to correctly consider the self-regulating elements effecting regions.

Suggested Citation

  • Ivana Kraftová & Jiří Kraft, 2009. "Povzbudivý růst ekonomiky regionů: cílená regulace versus tržní autoregulace? [The Sustainable Growth of Regional Economies: Targeted Regulation vs. Market Auto-Regulation]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(6), pages 769-791.
    • Handle: RePEc:prg:jnlpol:v:2009:y:2009:i:6:id:709:p:769-791
    DOI: 10.18267/j.polek.709
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    References listed on IDEAS

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    1. Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2006. "How Important are Capital and Total Factor Productivity for Economic Growth?," Economic Inquiry, Western Economic Association International, vol. 44(1), pages 23-49, January.
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    More about this item

    Keywords

    gross domestic product; region; sustainable growth rate; formation of fixed tangible capital; regional policy; market regulation;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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