Theories of Endogenous Regional Growth: Lessons for Regional Policies
Börje Johansson, Charlie Karlsson, Roger Stough
Springer, Jan 1, 2001 - Business & Economics - 428 pages
During the last two decades a new growth theory has emerged - often labelled "endogenous economic growth." The contributions in the book develop these advances into a theoretical framework for endogenous regional economic growth and explain the implications for regional economic policies in the perspective of the new century. Endogenous growth models can reflect increasing returns and hence refer more adequately to empirical observations than earlier models, and the models become policy relevant, because in endogenous growth models policy matters. Such policies comprise efforts to stimulate the growth of knowledge intensity of the labour supply and knowledge production in the form of R&D.
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agglomeration economies agglomeration effects analysis areas Audretsch capital Center-South central-places cluster commodity comparative advantage competitive advantage concentration concept countryside demand dependent dynamic economic activities economic growth economies of scale employment change endogenous growth endogenous growth theory equation equilibrium Figure functional region global growth theory impact important increasing returns industry infrastructure innovation inputs institutions interaction internal interregional investment Krugman leadership learning region manufacturing manufacturing belt market potential megaproject milieu neo-classical growth model networks nomic non-labor factors Norrland organisational organizations output paper parameters production function proximity regional development regional economic development regional policy Regional Science relative returns to scale role scale economies sectors share Silicon Valley small firms social social capital specialisation specific Styria Sweden T-area Telecom Corridor territorial competition territorial production system tion trade transaction costs university research urban variables wage