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Risk as an Externality in Quantitative and Marginal Approaches

In: Regional Externalities

Author

Listed:
  • Václav Beran

    (Czech Technical University)

  • Petr Dlask

    (Czech Technical University)

Abstract

In this chapter a model will be presented that aims at the explanation of disparities in regional economic growth in the Czech Republic and its relevance for regional economic policy. The proposed specific regional development strategies are based on a compact model containing only a few variables. With the help of the model the development of 13 regions in the Czech republic will be simulated. From the computations it appears that innovations are the driving forces behind regional development. However, for sustainable regional growth, it is essential to understand the dynamics of innovative dissemination by networks. This chapter is an attempt to contribute to that end.

Suggested Citation

  • Václav Beran & Petr Dlask, 2007. "Risk as an Externality in Quantitative and Marginal Approaches," Springer Books, in: Wim Heijman (ed.), Regional Externalities, chapter 13, pages 255-286, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-35484-0_13
    DOI: 10.1007/978-3-540-35484-0_13
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