Location of Repository

Models of regional growth: past, present and future

By Richard Harris

Abstract

This paper presents an overview of various models of regional growth that have appeared in the literature in the last 40 years. It considers the past, and therefore supply-side models, such as the standard neoclassical, juxtaposed against essentially demand-side approaches such as the export-base and cumulative causation models (as integrated into the Kaldorian approach); before moving on to the present and more recent versions of the neoclassical model involving spatial weights and "convergence clubs", as well as New Economic Geography core-periphery models, and the "innovation systems" approach. A key feature of the more recent literature is an attempt to explicitly include spatial factors into the model, and thus there is a renewed emphasis on agglomeration economies and spillovers. Discussing "present" and "future" approaches to regional growth overlaps with the current emphasis in the literature on the importance of more intangible factors such as the role of "knowledge" and its influence on growth. Lastly, there is a discussion of the greater emphasis that needs to be placed at the "micro-level" when considering what drives growth, and thus factors such as inter alia firm heterogeneity, entrepreneurship, and absorptive capacity

Topics: HC Economic History and Conditions
Publisher: Spatial Economics Research Centre (SERC), London School of Economics and Political Science
Year: 2008
OAI identifier: oai:eprints.lse.ac.uk:33146
Provided by: LSE Research Online

Suggested articles

Preview

Citations

  1. (2005). A Meta‐Analysis of β‐Convergence: the Legendary 2%, doi
  2. (1992). A model of growth through creative destruction¸ doi
  3. (1975). A model of regional growth rate differences on Kaldorian lines, doi
  4. (1988). A Synoptic View of Regional Growth and Unemployment: II–The Post-Keynesian Theory, doi
  5. (1999). A Theory of Urban Growth, doi
  6. (2005). Aerospace Clusters: Local or Global Knowledge Spillovers?, doi
  7. (2004). Agglomeration and regional growth, in: doi
  8. (2008). Agglomeration and the Geography of Localization Economies in Canada, doi
  9. (2004). Agglomeration Externalities: Marshall versus Jacobs, doi
  10. (2007). Agglomeration, Innovation and Regional Development, Tinbergen Institute Discussion Paper 079/3.
  11. (2008). Analyzing the Functional Dynamics of Technological Innovation Systems: A Scheme of Analysis, doi
  12. (1983). Applied Macroeconometrics, doi
  13. (2001). Beyond Local Search: Boundary-Spanning, Exploration, and Impact in the Optical Disc Industry. doi
  14. (2000). Bowling Alone: The Collapse and Revival of American Community, doi
  15. (2006). Causal Links Between International Trade and Investment and Innovation: A Review of Theory and Evidence
  16. (1986). Cities and the Wealth of Nations. Vintage, doi
  17. (1998). Clusters and the New Economics of Competition,
  18. (2001). Comparing Regional Technical Efficiency in UK Manufacturing Plants: The Case of Northern Ireland 1974-1995, doi
  19. (2008). Conference,
  20. (2001). Consumer City, doi
  21. (2003). Convergence and Polarization in Global Income Levels: A Review doi
  22. (2005). Determinants of Knowledge Flows and Their Effect on Innovation, The Review of Economics and doi
  23. (1997). Dynamic Capabilities and Strategic Management. doi
  24. (1998). Dynamic Panel Data Estimation using DPD98 for GAUSS: A Guide for Users. available at http://www.american.edu/academic.depts/cas/econ/gaussres/regress/dpd/dpd9 8.pdf
  25. (1976). Econometric Policy Evaluation: A Critique. doi
  26. (1995). Economic Growth. doi
  27. (1957). Economic Theory and the Underdeveloped Regions¸
  28. (1990). Endogenous Technological Change, doi
  29. (2005). Entrepreneurship capital and regional growth, doi
  30. (2003). Entrepreneurship, networks and geographies, In: Acs,
  31. (1999). Europe: One or several systems of innovation? An analysis based on patent citations. doi
  32. (2002). European regional policies in light of the recent location theories, doi
  33. (2006). Exploring the Detailed Location of UK Manufacturing Industries using Microgeographic Data, CEPR Discussion Paper No 5858. doi
  34. (2005). External Knowledge. A review of the literature addressing the role of external knowledge and expertise at key stages of business growth and development.
  35. (2007). Firm Heterogeneity, Exporting and Foreign Direct Investment, doi
  36. (2007). Firm location decisions, regional grants and agglomeration externalities, doi
  37. (1996). Firm Organization, Industrial Structure, and Technological Innovation. doi
  38. (1991). Firm Resources and Sustained Competitive Advantage. doi
  39. (1993). Geographic Localization of knowledge spillovers as evidenced by patent citations. doi
  40. (1995). Globalization and the inequality of nations. doi
  41. (1973). Growth Poles and Growth Centres in Regional Planning, doi
  42. (2005). Heterogeneous firms, agglomeration and economic geography: spatial selection and sorting, doi
  43. (2002). High-technology employment and R&D in cities: Heterogeneity vs specialization. doi
  44. (2004). How do firms agglomerate? A study of FDI in France, doi
  45. (2005). Identifying and Interpreting Regional Convergence Clusters across doi
  46. (1986). Increasing returns and long-run growth, doi
  47. (2004). Innovation and employment growth in industrial clusters: evidence from aeronautical firms in Germany, doi
  48. (1989). Innovation and Learning: the Two Faces of R&D. doi
  49. (2007). Innovation and R&D Spillover Effects in Spanish Regions: A Spatial Approach, doi
  50. (2005). Innovation and Regional Growth in the Enlarged Europe: The Role of Local Innovative Capabilities, Peripherality, and Education, doi
  51. (2003). Innovation and spillovers in regions: evidence from European patent data, doi
  52. (1999). Innovation prone and innovation averse societies: Economic Performance doi
  53. (2006). Inside the Workplace: Findings from the 2004 Workplace Employment Relations Survey, doi
  54. (1990). Integration and the competitiveness of peripheral industry.
  55. (1995). International R&D spillovers, doi
  56. (1979). Issues in Assessing the Contribution of Research and Development to Productivity Slowdown, doi
  57. (2007). It’s all in Marshall: The Impact of External Economies on Regional Dynamics, CESIFO Working Paper No.
  58. (2004). Knowledge Spillovers and Economic Growth: An Analysis Using Data of Dutch Regions in the Period 1987-1995, doi
  59. (1890). Learning in the village economy of Denmark: the role of institutions and policy in sustaining competitiveness. In doi
  60. (1992). Localized Industrial Systems in France: a particular type of industrial system.
  61. (1999). Manufacturing Industries in the UK: Was There Convergence During the 1968-1992 Period?, doi
  62. (2004). Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries, doi
  63. (1988). Market Structure and External Control in the Regional Economies of Great Britain, doi
  64. (1981). Market Value, R&D and Patents. doi
  65. (2003). Marshall’s Scale Economies, doi
  66. (2001). Of Hype and Hyperbolas: Introducing the New Economic Geography, doi
  67. (2001). On Economic Geography in Economic Theory: Increasing Returns and Pecuniary Externalities, doi
  68. (2005). On Regional Growth Convergence in doi
  69. (2006). Pan-European regional income growth and club-convergence: insights from a spatial econometric perspective, doi
  70. (1984). Patterns of Technical Change: Towards a Taxonomy and a Theory. doi
  71. (2005). Plant-level Analysis Using the ARD: Another Look at Gibrat’s Law, doi
  72. (2007). R&D Accessibility and Regional Export Diversity, doi
  73. (2000). Räuniliche Wachstumszusanimenhänge
  74. (1978). Regional & Urban Economics. doi
  75. (1994). Regional Advantage, Culture and Competition in Silicon Valley and Route 128. doi
  76. (1999). Regional economic dynamics and convergence in the European Union. doi
  77. (2007). Regional Growth in a Knowledge-based Economy, doi
  78. (1973). Regional Growth Theory, doi
  79. (1980). Regional Problems are ‘Balance-of-Payments’ Problems. doi
  80. (1997). Regions in a Global Market: the Experience of Wales and BadenWurttemberg,
  81. (2005). Research And Development Productivity And Spillovers: Empirical Evidence At The Firm Level, doi
  82. (2007). Rethinking the Regional Knowledge Production Function, doi
  83. (2007). Returns to Scale and Regional Growth: The Static-Dynamic Verdoorn Law Paradox Revisited, doi
  84. (1980). Scale Economies Product Differentiation and the Patterns of Trade,
  85. (2007). Spatial and Sectoral Composition Effects of Agglomeration Economies in the Netherlands, doi
  86. (2003). Startup Size and the Mechanisms of External Learning: Increasing Opportunity and Decreasing Ability? doi
  87. (1996). Sticky places in Slippery Space: doi
  88. (1997). Systems of innovation approaches: Their emergence and characteristics.
  89. (2003). Tacit knowledge and the economic geography of context, or the undefined tacitness of being (there). doi
  90. (1988). Technological change and economic theory. doi
  91. (2008). Technological Innovation Systems and the Multilevel Perspective: Towards an Integrated Framework, doi
  92. (1986). Technological Opportunities and Spillovers of R&D: evidence from firms patents, profits and market value. doi
  93. (2005). Technological Spillovers, Agglomeration, and Regional Economic Development, doi
  94. (1996). Technology strategies, innovation with R&D and the creation of knowledge within industrial districts, doi
  95. (2005). Technology Transfer, R&D, Trade and Productivity Growth’,
  96. (1993). Testing super exogeneity and invariance in regression models, doi
  97. (1993). The ‘Cambridge Phenomenon’ revisited: aggregate change among Cambridge high-technology companies since doi
  98. (1992). The Analysis of Spatial Association by Use of Distance Statistics, doi
  99. (2003). The Anchor Tenant Hypothesis: Exploring the Role of Large, Local, R&D-intensive Firms in Regional Innovation Systems, doi
  100. (1998). The Associational doi
  101. (1970). The case for regional policies, doi
  102. (2007). The Conditional Convergence Properties of Simple Kaldorian Growth Models, doi
  103. (1998). The Dynamic Capabilities of Firms: an Introduction. doi
  104. (1962). The economic implications of learning by doing, doi
  105. (1997). The economics of industrial innovation, doi
  106. (1970). The Economy of Cities, Vintage,
  107. (2003). The Golden Thread of Innovation’ and Northern Ireland’s Evolving Regional Innovation System, doi
  108. (2006). The importance of clusters for spillovers from foreign direct investment and technology sourcing, doi
  109. (1997). The Influence of the Management Team's International Experiences on the Internationalization Behaviour of SMEs. doi
  110. (2002). The information economy and American cities. Johns Hopkins
  111. (1969). The Intermediate Areas. Report of a Committee under the Chairmanship of Sir Joseph Hunt. London: H.M. Stationery Office. Cmnd Hymer,
  112. (1969). The Intermediate Areas. Report of a Committee under the Chairmanship of Sir Joseph Hunt. London: H.M. Stationery Office. Cmnd Hymer, S.H.
  113. (2003). The Locational Dynamics of the US Biotechnology Industry: Knowledge Externalities and the Anchor Hypothesis, doi
  114. (2007). The Micro-level Dynamics of Regional Productivity Growth: The Source of Divergence in Finland, doi
  115. (1999). The New Economics of Innovation, Spillovers and Agglomeration: A Review of Empirical Studies, doi
  116. (1999). The New Industrial Geography: Regions, Regulations and Institutions, doi
  117. (1994). The Regional Dimension of Takeover Activity in the United Kingdom, doi
  118. (2007). The Regional Environment and a Firm’s Innovative Performance: A Plea for a Multilevel Interactionist Approach, doi
  119. (2002). The Regional Innovation Paradox: Innovation Policy and Industrial Policy, doi
  120. (1997). The Regional World: Territorial Development in a Global Economy. doi
  121. (2002). The rise of the creative class and how its transforming work, leisure community and everyday life. Basic Books, doi
  122. (1992). The Search for R&D Spillovers, doi
  123. (1984). the Second Industrial Divide. Possibilities for Prosperity. doi
  124. (2004). The spatial dimension of patenting by multinational firms in Europe. doi
  125. (1958). The Strategy of Economic Development HMSO
  126. (1959). The Theory of the Growth of the Firm, doi
  127. (1999). Towards a Competence Theory of the Region, doi
  128. (1954). Two Concepts of External Economies, doi
  129. (1997). UK Regional Policy: an Evaluation. doi
  130. (2001). Urban and Regional Economics, doi
  131. (1998). Urban diversity and economic growth. doi
  132. (1999). US Regional Income Convergence: A Spatial Econometric Perspective. doi
  133. (2007). What Causes Industry Agglomeration? Evidence from Coagglomeration Patterns, NBER Working Paper Series, Working Paper 13068. doi
  134. (1996). What Do Firms Do? doi

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.