Regional Industrial Analysis and Vintage Dynamics

Börje Johansson

The Annals of Regional Science, 1991, vol. 25, issue 1, 18 pages

Abstract: Among the export-oriented Nordic economies, industrial policy in the postwar period has centered on stimulating the exit of obsolete and the entry of modern production vintages, in a multiregional context. This paper presents the theoretical background for this policy in terms of models and assumptions. Moreover, it attempts to assess the critical elements of this region-specific industrial policy. Finally, the paper concludes with a suggestion about how a dynamic regional vintage theory must be reformulated in order to accomodate new phenomena in the so-called knowledge economy.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:spr:anresc:v:25:y:1991:i:1:p:1-18

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