Dynamics of Regional Development in Regional and Municipal Economy

Vaclav Beran, Marek Teichmann, Frantisek Kuda and Renata Zdarilova
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Vaclav Beran: Department of Economics, Faculty of Economics, University of South Bohemia in Ceske Budejovice, Studentska 13, 370 05 Ceske Budejovice, Czech Republic
Marek Teichmann: Department of Urban Engineering, Faculty of Civil Engineering, VSB–Technical University of Ostrava, Ludvika Podeste 1875/17, 708 00 Ostrava-Poruba, Czech Republic
Frantisek Kuda: Department of Urban Engineering, Faculty of Civil Engineering, VSB–Technical University of Ostrava, Ludvika Podeste 1875/17, 708 00 Ostrava-Poruba, Czech Republic
Renata Zdarilova: Department of Urban Engineering, Faculty of Civil Engineering, VSB–Technical University of Ostrava, Ludvika Podeste 1875/17, 708 00 Ostrava-Poruba, Czech Republic

Sustainability, 2020, vol. 12, issue 21, 1-18

Abstract: This article deals with the dynamics of territory development in the regional and municipal economy. The development of the territory is and has always been limited or restricted by the available sources of capital, the dynamics of its use, and the localization of its distribution in the chosen territory. Today’s limits are, under Czech conditions, laid down by the Building Act; namely, the land-use plan, the strategic plans for development, and the political mechanisms of the elected leaders. The verbalization of the democratization of the economy is swayed by the concepts of meritocratic holding and the attempts to create values, but also by already existing values. We interpret the term values as infrastructure developed in the past, but also as resources given by the natural, geographic, and other environments.

Keywords: regional development; optimization; investment budget; time limits; utility (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:21:p:9234-:d:440947

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