The economic growth in a system of regions: a theoretical model

Roman Melnikov

Journal "Region: Economics and Sociology", 2005, vol. 2

Abstract: The paper formulates a theoretical model of economic growth in a spatial system of interrelated regions that captures the effect of interregional operations on national growth and validates a strong regional policy from the central government. The model implications and possible consequences of central investment policy on regional development are studied with simulation experiments. The calculations have shown that goals of promoting national growth and goals of weakening regional disparities are not incompatible.

Date: 2005
Note: Theoretical Issues of Regional Economics
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Persistent link: https://EconPapers.repec.org/RePEc:nos:regioe:2005-2_1

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