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With a large number of railway development projects in Europe and worldwide, which once completed will be serving rail passengers of the future, this paper aims to take a step back and evaluate current railway systems performance. The objectives are to compare statistical data on various passenger-related parameters of the railway system in a number of selected European countries and draw conclusions on the level of their performance when compared to the European average. Analyses of publically available statistical data, extracted from the Eurostat service at a European level will allow for a comparison of various indicators which influence the performance of the railway systems from an infrastructure and operational perspectives. The analyses will also allow identifying key performance indicators for the accurate assessment of the rail systems. The paper will highlight case studies for various parameters which are important to stakeholders of the railways, including infrastructure managers, rail operators, policy makers and the end users. This knowledge will be to the benefit of today’s railway industry as well as the rail systems of the future, as it will show trends drew upon existing data which might continue in the future. [ABSTRACT FROM AUTHOR]

It has been argued that the concept of “borrowed size” is essential to understanding urban patterns and dynamics in North-West Europe. This paper conceptualizes this idea and provides an empirical exploration of it. A place borrows size when it hosts more urban functions than its own size could normally support. A borrowed size for one place means that other places face an “agglomeration shadow” because they host fewer urban functions than they would normally support. This paper explores the extent to which size and function are related for places in North-West Europe and tries to explain why one place borrows size while the other faces an agglomeration shadow by examining the position of places within the regional urban system. The presence of urban functions was approximated using high-end cultural amenities. We conclude that the largest places in their functional urban area (FUA) are better able to exploit their own mass. The largest place in a FUA is also better able to borrow size from nearby places and from (inter)national urban networks than the lower-ranked places. [ABSTRACT FROM PUBLISHER]

Purpose – This paper aims to investigate the production function of firms based on the use of intellectual capital. The authors come up with this problem since believe that the new economy conditions require an adjustment and a development of classical firm theory. Design/methodology/approach – The research question addressed in this study is mainly related to the empirical validation of the function based on companies' intangibles in the Cobb-Douglas framework. This model enables the authors to advocate the idea of the complementarity of intellectual resources as well as simplifies the analysis of intellectual capital features. To accomplish the purpose of the research, the authors design a log-linear model and estimate it on a sample of more than 400 European and American companies. Findings – Application of Cobb-Douglas framework allowed designing a production function based on intellectual capital. The complementarity of intellectual capital components is justified on the empirical results obtained in this research. The increasing return to scale for intellectual capital was established for the sample examined in this study. Research limitations/implications – The main shortcoming of the approach implemented in this study is related to the proxy indicators of intellectual capital. Nevertheless, the authors statistically validate the chosen indicators applying hedonic approach. Practical implications – Practical accomplishment of this research is mainly associated with the conclusion about an increasing return to scale of intellectual capital. This phenomenon appears to be of a particular importance for investment decisions. Originality/value – The findings of this paper provide a new insight into intellectual resources interrelation that enhances companies' value creation. The authors also hope to assist future research attempts in application of the theory of company's growth driven by its intangible capital. [ABSTRACT FROM AUTHOR]

The aim of the paper is to establish the future intervention priorities in building a new programme that would target the economic development in the research area. The used methodology included an adapted A'WOT analysis - an initial SWOT analysis and a prioritization of the items through an expert questionnaire. In the present paper we analyze the experts' opinions and the areas where intervention is needed for the optimum strategies for the 2014-2020 financial frame. These should rely on the strengths in the Guidelines for Applicants, the rules for projects implementation and the institutional system, it should consider changes on the weak points concerning the programme objectives, the Guidelines for Applicants and the beneficiaries consultations, it should make use of opportunities coming from the crossborder status, European Union frame and economic opportunities and overcome the differences coming from crossborder status, membership of two different supranational structures and the economic gaps. [ABSTRACT FROM AUTHOR]

The purposes of this paper are twofold: a presentation of the theoretical basis of benchmarking and a discussion on practical benchmarking applications. Benchmarking is also analyzed as a productivity accelerator. The authors study benchmarking usage in the private and public sectors with due consideration of the specificities of the two areas. Special attention is paid to the presentation of the current picture of higher education and conditions for the application of benchmarking. The chosen examples of benchmarking projects conducted in higher education illustrate the spectrum of benchmarking usage. The authors conclude the paper with a recommendation for the employment of benchmarking in the higher education environment, especially in the light of competition pressures and rapid economic development. [ABSTRACT FROM AUTHOR]

The first part of this paper describes the small but constant expansion of the cross-state mobile population within the EU in the two decades preceding the 2004 enlargement. This expansion is puzzling in the light of the economic growth and the income convergence of member states over the same period. While the level of geographical mobility within the EU is frequently held to be 'low', data show that it should have been even lower given the rise of prosperity and the decline of income differentials in the EU15. In fact, it is argued that pro-mobility policies and the rise of non-labour migration have countered the diminishing appeal of intra-EU mobility that might be expected on the basis of purely economic conditions. The second part of the paper discusses the rationales and reasons of mobility. A distinction is drawn between observers' and social actors' views of the benefits of free movement. While the former usually put an emphasis on economic rewards, the latter are more likely to stress emotional and identity-linked returns. Survey data on Western European citizens who have resettled in another EU member state are revealing of the multifaceted causes and consequences of geographical mobility. In particular, these data show that identification with Europe and support for EU institutions in the mobile population are strikingly higher than among the general population. While it is true that cross-state mobility can entail economic benefits raising productivity and innovation, its political dividends are possibly even clearer. [ABSTRACT FROM AUTHOR]

This paper explores the roots of territorial cohesion thinking in the 'European model of society'. There is much to do about this model. Some regard it as a liability for European competitiveness. The Barroso Commission wants to safeguard the model by, albeit temporarily, giving priority to growth. There are those - not only in Europe, but also on the other side of the Atlantic - arguing that the European model forms a solid basis for a highly competitive economy. In these debates, 'European model' stands for moderating the pursuit of economic growth with concerns for social welfare and equity, sustainability and good governance. Before elaborating, the paper summarises the discussion about territorial cohesion and the struggle over current EU policy. Then the paper backtracks to the ideas of Jacques Delors responsible for injecting the European model into the integration discourse. What follows is an account of four reports in the wake of the hapless Lisbon Strategy, all invoking the European model. The paper concludes with reflections on territorial cohesion policy and the European model. [ABSTRACT FROM AUTHOR]

In this paper we aim to enhance the prevailing structural perspective on metropolization by pointing to the mutual relationship between the processes of metropolization and polycentric development. We claim that a processual view is needed to emphasize the temporal dependencies between different layers of polycentricity, and to reveal that European city–regions are situated in different stages of polycentric metropolitan development (PMD). To illustrate this empirically, we first analyse Bratislava and Vienna as two European city–regions that recently decided to jointly approach metropolitan development, while their contextual conditions and development trajectories differ significantly. It is shown upon an indicator-based analysis that the two are in different phases of the metropolization process. Confronting this evidence with stakeholder assessments of the need for strategic intervention in metropolitan development further uncovers the importance of the strategic dimension in metropolitan research. Building upon that, we conduct cluster analysis for a sample of 50 European city–regions by the same indicator set. It is shown that even this large sample of agglomerations can be grouped by different types of metropolizes, reflecting distinct effects of the metropolization process on urban-regional transformation. Hence, we conclude that a processual understanding in strategic approaches to PMD is necessary. Only if the different phases, paces, and effects of the metropolization process are taken into account, we can formulate serious recommendations for the polycentric development of distinct European urban territories. The move from structural to processual understanding is an essential foundation to learning processes for the governance of future PMD. Furthermore, the emphasis on different types of metropolizes should be taken into account in the formulation of future European policies on metropolitan development. [ABSTRACT FROM PUBLISHER]

This paper examines the observed impact of past economic downturns on human development indicators in 29 countries of the region. We estimate empirical elasticities of key human development indicators covering demographics, crime, epidemiology, unemployment, and poverty with respect to changes in per-capita purchase power parity (PPP) gross domestic product. Based on published gross domestic product growth projections from the IMF, we then project the likely impact on the human development indicators in coming years for the countries in the region. The results suggest that the adverse impact of past downturn in income on poverty, public health, mortality, and suicide and homicide rates is likely to be considerable, long-lasting, and to affect the poorest disproportionately. Based on our results, we argue that policy-makers will need better and more timely data to provide the evidence base for policies; and that those policies need to take into account the looming substantial backslide in human development indicators stemming from the global economic crisis. [ABSTRACT FROM AUTHOR]

In this paper, the movement of unemployment rate and the long and short term relationships between unemployment rate and economic growth rate are examined for individuals and pooled cases in European countries over the period 1977-2008. Several panel techniques are used for non-stationary panels and thereby some evidence are found for unemployment hysteresis in all European Countries. The Okun's coefficients are also estimated. The results show that the validity of Okun's Law and the significance of the relationship between economic growth rate and unemployment rate vary between countries. [ABSTRACT FROM AUTHOR]

The majority of the literature on fiscal decentralization has tended to stress that the greater capacity of decentralized governments to tailor policies to local preferences and to be innovative in the provision of policies and public services, the greater the potential for economic efficiency and growth. There is, however, little empirical evidence to substantiate this claim. In this paper we examine, using a panel data approach with dynamic effects, the relationship between the level of fiscal decentralization and economic growth rates across 16 Central and Eastern European countries over the 1990–2004 period. Our findings suggest that, contrary to the majority view, there is a significant negative relationship between two out of three fiscal decentralization indicators included in the analysis and economic growth. However, the use of different time lags allows us to nuance this negative view and show that long-term effects vary depending on the type of decentralization undertaken in each of the countries considered. While expenditure at and transfers to sub-national tiers of government are negatively correlated with economic growth, taxes assigned at the sub-national level evolve from having a significantly negative to a significantly positive correlation with the national growth rate. This supports the view that sub-national governments with their own revenue source respond better to local demands and promote greater economic efficiency [ABSTRACT FROM AUTHOR]

Expectations that biotechnology will become a major contributor to economic growth and impact on quality of life explain its high priority on the political agenda of EU Member States. Theoretical advances in understanding innovation processes and instruments for innovation policy have created an increasing demand for empirical tools to develop policy from a systems perspective. This paper aims to provide policy-makers with tools to assist in biotechnology policy-making. Key aspects considered are: the systemic nature of the innovation process in biotechnology; the different policy areas involved in its promotion; and the time lag between policy action and potential policy outcomes. The benchmarking approach combines quantitative and qualitative indicators in order to assess policy activity in relevant policy areas and the achievement of policy goals. [ABSTRACT FROM AUTHOR]

A relevant share of the theoretical and empirical analysis on economic growth has been devoted to finding a specific role for international trade in reinforcing countries' growth rates. Not as much attention has been dedicated to the role of sectoral composition of export in influencing the effect of trade on income convergence. In this paper we look at this issue along the line of research on multiple regimes and convergence clubs, considering how openness and similarity in export composition among countries can induce convergence in income levels among the same countries. We apply our analysis to the catching-up of income levels of Central and Eastern Europe Countries to the EU benchmark. We explicitly consider the sectoral export patterns of the CEECs by comparing them to those of the 15 old members of the EU, focusing on countries' specialization as suppliers for the EU market. Our main result is that similarity in export composition has a positive, significant and nonlinear impact on catching-up. Results are robust to controlling for openness and country-size and for investment, schooling, and the quality of institutions. [ABSTRACT FROM AUTHOR]

The evolution of the Western world has drawn on theoretical structures of classical and neoclassical liberalism for its explanatory support and sources of inspiration for centuries. Against this ideological background, institutionalists aim at showing that growth is a process of transformation, a double change: an economic and an institutional one. In this analysis, our purpose is to highlight the importance of informal institutional arrangements and their quality in explaining the disparities of revenues and developments between countries. In our approach, we will consider several indicators meant to highlight various aspects of research. The approach proposed is a transversal-comparative one and static methods pertain to uni- and multivariate analysis. The results obtained suggest the existence of major differences within the Central and East European area as far as informal institutions are concerned; moreover, the analysis conducted confirms the existence of a significant relation between the level of development and the structure of informal arrangements such as: trust level, bribe culture and corruption control. [ABSTRACT FROM AUTHOR]