An Endogenous Perspective on Regional Development and Growth

Roger R. Stough (), Robert J. Stimson and Peter Nijkamp
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Roger R. Stough: George Mason University
Robert J. Stimson: The University of Queensland

A chapter in Drivers of Innovation, Entrepreneurship and Regional Dynamics, 2011, pp 3-20 from Springer

Abstract: Abstract Over the past two decades or so the emphasis in regional economic development theory has shifted from a focus primarily on exogenous factors to an increasing focus on endogenous factors. Traditional regional economic development approaches were erected on neo-classical economic growth theory, based largely on the Solow (1956, 2000) growth model. The new approach – while recognizing that development is framed by exogenous factors – attributes a much more significant role for endogenous forces. In this context, a suite of models and arguments that broadly convey the new growth theory have been directed towards endogenous factors and processes (see, e.g., Johansson et al. 2001).

Keywords: Human Capital; Regional Development; Knowledge Spillover; Growth Theory; Agglomeration Economy (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1007/978-3-642-17940-2_1

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