Handbook of Regional Growth and Development TheoriesNot registered? Sign up. More Contact us Publish with us Subscribe Accessibility. Print Save Cite Email Share. Show Less You do not have access to this content. Regional economics — an established discipline for several decades — has undergone a period of rapid change in the last ten years resulting in the emergence of several new perspectives. At the same time the methodology of regional economics has also experienced some surprising developments.
Handbook of Regional Growth and Development Theories
Not registered? Sign up. More Contact us Publish with us Subscribe Accessibility. Print Save Cite Email Share. Show Less You do not have access to this content. Regional economics — an established discipline for several decades — has gone through a rapid pace of change in the past decade and several new perspectives have emerged.
The Handbook of Regional Science is a multi-volume reference work providing a state-of-the-art knowledge on regional science composed by renowned scientists in the field. The Handbook is intended to serve the academic needs of graduate students, and junior and senior scientists in regional science and related fields, with an interest in studying local and regional socio-economic issues. The multi-volume handbook seeks to cover the field of regional science comprehensively, including areas such as location theory and analysis, regional housing and labor markets, regional economic growth, innovation and regional economic development, new and evolutionary economic geography, location and interaction, the environment and natural resources, spatial analysis and geo-computation as well as spatial statistics and econometrics. Skip to main content Skip to table of contents. Advertisement Hide.
Toggle navigation. New to eBooks. How many copies would you like to buy? Handbook of Regional Growth and Development Theories 2nd ed. Add to Cart Add to Cart.
Handbook of Regional Growth and Development Theories. Revised and Extended Second Edition. Edited by Roberta Capello and Peter.
home economics learning for life book
About this book
Handbook of Regional Science pp Cite as. In this chapter, we focus on theories and models of growth that have their origin in Keynesian economics. Their common features are that firstly, growth is largely export-driven; secondly, increasing returns yield path dependencies and possible divergence; thirdly, full resource utilization is not guaranteed; fourthly, economic expansion may face a balance of payments constraint, even at the regional level; and fifthly, institutions matter. We first briefly contrast demand-driven growth theories with neoclassical and other perspectives in taxonomy of growth theories. We then show how growth in exports yields regional income growth via a multiplier that is positively associated with the propensity to consume locally produced output and the propensity to invest but negatively related to regional tax rates and the extent to which government transfers are countercyclical. Next, theories are reviewed that suggest that policies that encourage regional growth in wages and public expenditure can be growth enhancing.