The New Approach to Regional Economics Dynamics: Path Dependence and Spatial Self-Reinforcing Mechanisms

Domenico Marino () and Raffaele Trapasso ()
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Raffaele Trapasso: Urban Development Programme of the OECD in Paris

A chapter in Growth and Innovation of Competitive Regions, 2009, pp 329-348 from Springer

Abstract: Globalisation increased the level of competition between regions all over the world. Although the country effect is still significant, the (competitive) advantage of regions has dramatically changed and some areas — even in some industrialised countries — are suffering a general worsening of their economic performance (i.e. GDP trends), while some others are enjoying astonishing development. The ongoing situation confirms part of the theoretical conclusions of the New Economic Geography, and, at the same time, creates a huge number of opportunities for further research on regional development.

Keywords: Path Dependence; Asymptotic State; Multiple Equilibrium; External Economy; Perfect Competition (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-540-70924-4_15

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DOI: 10.1007/978-3-540-70924-4_15

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