By Roberta Capello, Peter Nijkamp
Local economics - a longtime self-discipline for a number of many years - has passed through a fast velocity of switch long ago decade and a number of other new views have emerged. whilst the technique has proven excellent improvement. This quantity brings jointly contributions new pathways in local economics, written through many famous foreign students. the main complicated theories, dimension equipment and coverage concerns in local development are given in-depth remedy.
The concentration here's to gather state-of-the-art theories explaining nearby progress and native improvement. The authors spotlight the hot advances in theories, the normative possibilities of those theories and the cross-fertilization of rules between neighborhood economists and mainstream economists. Theories of neighborhood progress and improvement have to be capable of interpret, greater than ever, the way areas in achieving a task within the overseas department of labour and, extra importantly, the best way areas can keep this position over the years. themes coated comprise: nearby development and improvement regulations and size equipment; improvement theories of innovation, wisdom and area, and local construction elements; and development theories and area.
This e-book can be a resource of reference and data for either students and scholars within the quarter of local economics.
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Extra resources for Handbook of Regional Growth and Development Theories
Example text
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These considerations highlight the need to supersede the purely allocative approach typical of a static interpretation of economic phenomena with a dynamic, indeed evolutionary, approach which ties allocative decisions to processes of development. The geographic distribution of resources and potential for development is only minimally determined by exogenous factors (raw materials, natural advantages). To a much larger extent, it results from past and recent historical factors: human capital, social fixed capital, the fertility of the land (due to the work of man) and accessibility (measured as the weighted distance from the main centres of production and consumption).
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