Management of Regional Development: Investments, Human Potential, Perfection of Institutional Structure

Resumo

Using the modified transversal surface, we identify a dynamic relationship between the specific regional gross domestic product GDPreg/per, the amount of regional investments and the specific cost of research and development activities for an example of German States (Federal Lands). In addition, we assess the specific regional losses caused by the imperfect institutional component of the human potential of a region, which is a new result.