Long-term infrastructure investment: a new approach to the economics of location

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dc.contributor.authorDlask, Petr
dc.contributor.authorBeran, Václav
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2016-09-23
dc.date.available2016-09-23
dc.date.defense2016-09-23
dc.description.abstractContemporary modern development of a region (RD) is associated with some conception of economic volatility and technological knowledge. The RD is triggered by the existence of an infrastructure as a threshold. Only then can we expect the long-term economic and regional effects. From the long-term view, the development of most regions is also associated with a surprising diversity. The reasons for growth or stagnation are very often indistinct, and in some cases they are even unidentifiable.Existing development is a materialized foot print of earlier economic activities and there is more about that, for example, in Quality of life in cities, (European Commission, 2013). We should understand the economics of RD as an account; an account of either poor or successful regional management. In other words, regional economics and management (E&M) is at its causal roots a proof of the right or wrong decision rules and their implementation. This article argues that the state of municipalities and of regions is only partly a hostage of the regional investment economy and that a non-negligible way to success is paved by decision making processes especially through the use of certain decision criteria.The paper aims to demonstrate that:a) an elementary decision rule determines the decision space determining both time and conceivable actions, (timing of innovations, use and functions of areas, implementation of particular investments, localization of research directions, market expansion, etc.);b) dispersion effects are around and outside the primary investment that generates the growth;c) the burnout effect of the initial investment exists and begins to act after a certain time period; d) fixing the time of the initial investment burnout is identifiable and can be calculated.Point c) and d) represent triggers for any need of new investments, usually called innovation, modernization, reconstruction etc.en
dc.formattext
dc.format.extent40-56 s.cs
dc.identifier.doi10.15240/tul/001/2016-3-004
dc.identifier.eissn2336-5604
dc.identifier.issn12123609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/18191
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectdevelopmenten
dc.subjectutilityen
dc.subjectsimulationen
dc.subjectinfrastructureen
dc.subjectevaluationen
dc.subjectmetamodelen
dc.subject.classificationC63
dc.subject.classificationC81
dc.subject.classificationO18
dc.subject.classificationR58
dc.titleLong-term infrastructure investment: a new approach to the economics of locationen
dc.typeArticleen
local.accessopen
local.citation.epage56
local.citation.spage40
local.facultyFaculty of Economics
local.fulltextyes
local.relation.abbreviationE&Men
local.relation.abbreviationE+Mcs
local.relation.issue3
local.relation.volume19
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