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Regional competitiveness, economic growth and stages of development

Robert Huggins (hugginsr@cardiff.ac.uk), Hiro Izushi (h.izushi@aston.ac.uk), Daniel Prokop (prokopd@cardiff.ac.uk) and Piers Thompson
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Robert Huggins: Cardiff University, School of Planning and Geography, Cardiff, UK
Hiro Izushi: Aston University, Aston Business School, Birmingham, UK
Daniel Prokop: Cardiff University, School of Planning and Geography, Cardiff, UK

Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, 2014, vol. 32, issue 2, 255-283

Abstract: This paper positions the concept of regional competitiveness within theories concerning regional economic growth and stages of economic development. It examines the sources of regional competitiveness encompassing an analysis based on the particular stage of economic development that the nations within which regions are situated have reached. As a means to achieve this, the paper undertakes an empirical analysis of data stemming from the World Competitiveness Index of Regions, and identifies regional competitiveness as a dual concept that explains relative differences in rates of economic development across regions, as well as an understanding of the future economic growth trajectories of regions at a similar stage of economic development. As with endogenous growth and development theory, the notion of regional competitiveness presented here places knowledge, innovation and entrepreneurship at the forefront of conceptualisations of regional economic differentiation.

Keywords: regional competitiveness; economic growth; stages of development; innovation; knowledge (search for similar items in EconPapers)
JEL-codes: O18 O38 P51 R58 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (8)

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