Failure of the M3-M30 motorway?

Failure of the M3-M30 motorway? by Áron Iker The Hungarian government aimed to positively affect the regional development of the agglomeration of Miskolc by constructing a motorway between the capital and the city. However,  the reduction in transportation costs between Miskolc and Budapest supposedly has driven to an equilibrium where Miskolc faces with negative agglomeration forces, so the construction of the motorway has had an adverse...

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The impact of Metro 4 on property prices and economic activity by Horn Miklós Metro 4 despite still being in the construction phase seems to be an important determinant of flat prices and future economic activity in Budapest. The construction of the new metro line (Metro 4) in Budapest – running from southwest to northeast – has been in the centre of attention for the last couple of years in Hungary. In this short blog entry I will discuss...

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The Ruin Bars of Budapest

The Ruin Bars of Budapest by Renata Eszter Horvath How socio-demographic characteristics and decreasing state ownership led to the development of a new genre of hospitality in Budapest. Hungary’s capital, Budapest is starting to become known across to world for its famous hot springs and bars. This article focuses on bars, mainly hospitality venues operating in dilapidated, urban buildings in Budapest. These venues, referred to in Hungarian...

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The Panama Canal Expansion: are clustering forces in action?

The Panama Canal Expansion: are clustering forces in action? By Szabolcs Görög The expansion project of the Panama Canal, started in 2007, will almost double the commerce through the Canal. It will also raise employment and increase revenues. However the main improvements it can bring to the region comes from the beneficent impact of clustering forces. The Panama Canal was finished in 1914 and it immediately became one of the most important...

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Two North-Italian Clusters

Two North-Italian Clusters by Alfa Diallo The text describes two North-Italian Clusters’ (chair cluster of Manzano, and the wine cluster of Conegliano- Valdobbiadene) most important characteristics. The hypothesis is that now days in a cluster’s effectiveness innovation and integration are the most important factors. The cases seem to prove this hypothesis.   What is common in chairs and wines? First this question looks really...

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The Revival of Trams – France is The Frontrunner

The Revival of Trams – France is The Frontrunner by Ákos Budai The development of public transport is beneficial for many, France knows this very well as the country has been the world’s frontrunner in the revival of trams in the last couple of decades. This time’s experience shows that tramways are accelerators for urban projects and they can help bring districts and business entities closer together. Currently, twenty-three French urban areas...

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Recent posts by CEU graduate students

Recently, Regionomist authors have written posts about regional development and transportation issues around the globe. For example, Gábor Gyurkó discussed how roads - beyond military power and economic might-  have shaped the outreach of empires throughout human history presenting the example of royal highways and the Persian Empire. What is the link between city growth and the clothing in Bangladesh? - Md Masud Karim talked about how outsourcing shaped Dhaka. The role of infrastructure was emphasized by Valeria Shestak who looked at the impact of a new port in Odessa as well as by Ivan Vovkanych who talked...

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Catalonian independence and the Catalan economy

Catalonian independence and the Catalan economy By Ambrus Bárány A number of regions within the EU might want to secede from their country, the newest example being Spain’s Catalonia. However, the economic consequences of such a secession are grave. Separatist movements are one the rise in the EU. Belgium’s richer Dutch-speaking Northern half, Flanders, would want to secede from Wallonia, its poorer French-speaking counterpart. Scotland...

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Make the history or “Just do it”

Make the history or “Just do it” © Nike  by Jamila MammadovaThe agglomeration in Dubai is broadly discussed by many economists as an example of  rapid growth and successful policy implementation. Its development is unusual since Dubai  has a list of obstacles to the revolutionary development it achieved. Even though, the reasons are economically explainable, and bunch of literature is provided on the subject, we would like...

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Agglomeration of population in Baku. Labor Pooling.

Agglomeration of population in Baku: Labor Pooling in action. by Turan Orujova  Azerbaijan republic (AR) is one of the biggest countries in the Caucasus region. It is located on the border of Europe and Asia and bounded by the Caspian Sea. The neighborhood countries are Russia, Georgia, Armenia, Iran and Turkey. Total area of Azerbaijan is 86,600 sq km and it is divided into 10 economic regions.   The major contribution to the...

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