IDEAS home Printed from https://ideas.repec.org/a/prg/jnlrst/v2009y2009i2id10p2-12.html
   My bibliography  Save this article

Investments and Consequences in Urbanization

Author

Listed:
  • Václav Beran
  • Petr Dlask

Abstract

Th e development of regions is not only a signifi cant mediator in generating economic eff ects, it is also a major factor in the absorption of new investment. Th e European economic space is historically constructed on an imagined ability for new investment to create an added value that can be incorporated into the concept of innovation. A replacement of old investment with new investment of equal effi ciency is both erroneous as well as having little economic eff ect. Regularities as to how a region accepts investment are complicated by the dynamics of time. Th ere is disproportion of eff ect given the investors? relatively short economic time horizon compared with the long-term time horizon of service life for a municipal utility. Much higher synergistic eff ects, however, reach the municipality (region) in the vicinity of the investment evaluation. However, if the initial investment is not followed by further investment activities, it comes about a misappropriation of investment eff ects by other investment entities being idle. Th e paper highlights the fact that by the appropriation of the economic eff ects there escape new benefi ts for the original investor. Th ey arise directly out of his reach and create value for the municipality (region) benefi t. If the reader can sense that this is a complex question, the objective of the paper is achieved. If the reader can anticipate aft er reading that the exploitation of investment eff ects is redistributed (so far) by an invisible genius loci, then he neither wasted time nor intellect. Th e indicators of regional development are a sensitive issue in the potential evaluation of any regional development and this also is not fully appreciated.

Suggested Citation

  • Václav Beran & Petr Dlask, 2009. "Investments and Consequences in Urbanization," Regionální studia, University of Economics, Prague, vol. 2009(2), pages 2-12.
  • Handle: RePEc:prg:jnlrst:v:2009:y:2009:i:2:id:10:p:2-12
    as

    Download full text from publisher

    File URL: http://www.vse.cz/polek/download.php?jnl=rst&pdf=10.pdf
    Download Restriction: free of charge

    File URL: http://www.vse.cz/rst/10
    Download Restriction: free of charge

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlrst:v:2009:y:2009:i:2:id:10:p:2-12. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Frantisek Sokolovsky). General contact details of provider: http://edirc.repec.org/data/uevsecz.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.