Papers by Andreas Cornett
Edward Elgar Publishing eBooks, Jun 30, 2017
In recent decades, we have been able to observe a dramatic increase in the pace of globalization,... more In recent decades, we have been able to observe a dramatic increase in the pace of globalization, or more precisely of global integration. It is important to observe that 'Integration means not only greater marketbased trade and financial flows, but also institutional harmonization concerning trade policy, legal codes, tax systems, and other regulatory arrangements' (Sachs and Warner 1995, p. 2). There are many factors that have been driving this trend. Here we can indicate the three major factors: (1) technological progress; (2) reduced costs of physical spatial interaction; and (3) the removal of barriers to the flows of trade, labour, foreign direct investments and capital in general. The trend towards greater global integration implies that news, information, ideas, knowledge, and so on will spill over at an increasing speed and reach increasingly more destinations in the world. Furthermore, it also means that economic and financial crises will spill over more rapidly and effect larger parts of the world. These more rapid spillovers affecting increasingly larger parts of the world will stimulate more rapid structural changes and affect more locations, which in turn will stimulate more rapid and more substantial structural changes at both the national and the regional level. The purpose of this book is to provide new insights into the phenomenon of globalization, its drivers and its effects. In this introductory chapter, we present an overview of the drivers of globalization, the effects of globalization on international spillovers and the sectoral changes in the world economy induced by globalization as well as of the content of the chapters in this edited volume.
Page 1. First draft Sept. 1. 2008 (please do not quote without permission) Andreas P. Cornett * a... more Page 1. First draft Sept. 1. 2008 (please do not quote without permission) Andreas P. Cornett * and Nils Karl Sørensen ** University of Southern Denmark E-mail: [email protected] E-mail: [email protected] Interregional and intra-industry trade in the Baltic Sea Region ...
RePEc: Research Papers in Economics, Oct 1, 2012
Innovation and entrepreneurship are key factors in current regional development initiatives, deri... more Innovation and entrepreneurship are key factors in current regional development initiatives, derived from the concepts of new economic growth theory. The aim of this paper is to combine an assessment of innovative and entrepreneurial performance with the spatial distribution and functional linkages of certain types of economic clusters. The hypothesis is that clustered regions with high entrepreneurial and innovative performance have higher growth than noninnovative/entrepreneurial regions or regions with a more scattered economic structure. The clustering and in some cases even the polarization of economic activities in metropolitan regions can lead to excess growth, and contribute to a process of convergence between nations, but will also turn regional economic divergence back on the national economic development agenda. The purpose of this paper is to provide in deep information on these processes in an international and perspective based on European empirical evidence. The first part of the paper addresses the development and growth issue in a theoretical development policy perspective. The impact of innovation (measured by innovation scoreboard data) and entrepreneurship (GEM data etc.) on regional growth is estimated individual and combined as well as dummies for various levels of industrial clustering and agglomeration etc. are introduced. Within these groups we study the process of convergence by use of the traditional measures of convergence. The findings are compared with traditional geographical convergence results, enabling an analysis based both on traditional geographical adjacent regions, often characterized by a common institutional framework, and regions characterized by common features in economic performance terms. Based on the empirical results and the findings of the literature survey in the first part of the paper the final section provides an assessment of the overall trends in economic convergence and disparities and the drivers behind this process.
... Der findes gode tilbud og dårlige tilbud, set fra den enkelte virksomheds side, både for frem... more ... Der findes gode tilbud og dårlige tilbud, set fra den enkelte virksomheds side, både for fremmedkapital og for (ekstern) egenkapital. Hvis der er en " Lemon"-situation, vil de gode tilbud blive efterspurgt for lidt, mens de dårlige tilbud vil blive efterspurgt for meget. ...
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Papers by Andreas Cornett