THE INTERRELATION BETWEEN REGIONAL DEVELOPMENT AND THE IMPROVEMENT OF FINANCIAL MECHANISMS
DOI:
https://doi.org/10.60078/3060-4842-2025-vol2-iss5-pp268-275Abstract
The article analyzes the theoretical foundations and evolution of regional development. It examines the theories of convergence and divergence, the core–periphery model, as well as modern concepts such as endogenous growth, innovation, and clustering. The role of financial mechanisms and public finance in ensuring sustainable regional development is also highlighted.
Keywords:
regional development financial mechanisms convergence divergence innovation cluster sustainabilityReferences
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