By Roberta Capello, Peter Nijkamp
Local economics - a longtime self-discipline for a number of many years - has undergone a speedy speed of switch some time past decade and a number of other new views have emerged. even as the technique has proven fabulous improvement. This quantity brings jointly contributions new pathways in neighborhood economics, written through many famous overseas students. the main complicated theories, size equipment and coverage concerns in neighborhood development are given in-depth therapy. the focal point this is to gather state of the art theories explaining local progress and native improvement. The authors spotlight the hot advances in theories, the normative prospects of those theories and the cross-fertilization of rules between local economists and mainstream economists. Theories of nearby progress and improvement must be in a position to interpret, greater than ever, the best way areas in achieving a job within the overseas department of labour and, extra importantly, the way areas can keep this position through the years. themes lined contain: nearby progress and improvement rules and size equipment; improvement theories of innovation, wisdom and area, and local construction components; and progress theories and house. This booklet could be a resource of reference and knowledge for either students and scholars within the region of neighborhood economics.
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Extra info for Handbook of Regional Growth and Development Theories
Quigley (1998) describes four features of agglomeration economies. , 2001; Isard, 1956). Without the existence of scale economies in production, economic activities would be dispersed so as to save transportation costs (Fujita and Thisse, 2002; Palivos and Wang, 1996). In consumption terms, the existence of public goods leads to urban amenities. Cities function as ideal institutions for the development of social contacts corresponding to various kinds of social and cultural externalities (Florida, 2002).
1997; Henderson, 1986; Rosenthal and Strange, 2004; Cheshire and Duranton, 2004) who all argue that the microeconomic foundation of the external eﬀect of human capital is the sharing of knowledge and skills between workers that occurs through both formal and informal interactions. The distinction between tacit and implicit knowledge bases as against explicit knowledge bases is deemed to be crucial here in terms of the ways that knowledge externalities are embodied in growth (implicit) and innovation (explicit) 28 Handbook of regional growth and development theories externalities.
1994), Increasing Returns and Path Dependence in the Economy, Ann Arbor, MI: University of Michigan Press. Attaran, M. (1986), ‘Industrial diversity and economic performance in US areas’, Annals of Regional Science, 20, 44–54. B. P. Feldman (1996), ‘R&D spillovers and the geography of innovation and production’, American Economic Review, 86, 630–40. C. E. Lehrmann (2006), Entrepreneurship and Economic Growth, Oxford: University Press. T. M. Brown (2004), ‘Regional manufacturing employment volatility in Canada: the eﬀects of specialisation and trade’, Papers in Regional Science, 83, 519–41.