The numerous versions of endogenous explanations of economic growth emphasize the importance of technological change driving forces, as well as the existence of appropriate institutional arrangements. Endogenous growth theory contributes to a better understanding of various experiences with long-term growth of countries and regions. It changes the key assumptions of the Neoclassical growth theory and participates in the modern regional development physiology explanation. Based on these conclusions, the paper: a) explicates the most important theoretical postulates of the theory, b) explains the most important factors of economic growth in the regions in light of the Endogenous growth theory messages and c) emphasizes the key determinants of regional competitiveness which in our view is conceptually between the phenomena of micro-and macro-competitiveness and represents their necessary and unique connection. First of all, micro-competitiveness is transformed into a regional competitiveness; then regional competitiveness is transformed into a macro-competitiveness. In turn, macro-influences the microeconomic competitiveness, and the circle is closed. After that, the process starts over again.

EKONOMIKA МЕЂУНАРОДНИ ЧАСОПИС ЗА ЕКОНОМСКУ ТЕОРИЈУ И ПРАКСУ И ДРУШТВЕНА ПИТАЊАЧасопис излази четири пута годишње ИЗДАВАЧ: Друштво економиста "Економика" Ниш СУИЗДАВАЧИ: Економски факултет у Приштини, Факултет за услужни бизнис -Сремска Каменица, Институт за економику пољопривреде -Београд, Факултет за пословне студије и право -Београд, Факултет за трговину и банкарство, Универзитет Алфа -Београд, Савез економиста Србије -Друштво економиста Ниш. ГЛАВНИ И ОДГОВОРНИ УРЕДНИК:Проф.

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Applying irrigation get high production results and economics of investments in irrigation

Regional competitiveness is without doubt one of the most important component for achieving sustainability of development at local level. Capability of some region to attract investments