Growth, development, and innovation: A look backward and forward
Paul Cheshire and
Edward Malecki ()
Economics of Governance, 2003, vol. 83, issue 1, 249-267
Abstract:
This article reviews where we have come from and where we are going in research on regional growth and development. Our object of study is the region, an imprecise term that has been taken to mean areas as large as small countries or as small as urban regions, although how regions are defined does itself have implications for both theories and the empirics of regional growth. How growth occurs remains a poorly understood process. Clearly the basic ingredients of the neo-classical cookbook are important - growth in capital and labour stocks with technological change - but they are neither enough nor revealing enough. Why does the stock of capital grow at different rates? Why does the labour supply increase? What drives technical progress? What are the roots of spatial dependence? We are fairly certain that the answers to these questions embrace agglomeration economies but they also embrace much more. Innovation is associated with research and development and has an identifiable spatial pattern in relation to highly skilled labour and institutions such as universities. But innovation is not just the result of R&D but also entrepreneurship applied to investment. Labour supply responds to real wage differentials but also to environmental and other amenities. Labour is far more geographically mobile in the New World, however, than it is in the Old. Copyright Springer-Verlag Berlin/Heidelberg 2003
Keywords: Regional growth; convergence; clusters; mobility; territorial competition (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (11)
Downloads: (external link)
http://hdl.handle.net/10.1007/s10110-003-0185-8 (text/html)
Access to full text is restricted to subscribers.
Related works:
Chapter: Growth, development, and innovation: A look backward and forward (2004)
Journal Article: Growth, development, and innovation: A look backward and forward (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:ecogov:v:83:y:2003:i:1:p:249-267
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/10101/PS2
DOI: 10.1007/s10110-003-0185-8
Access Statistics for this article
Economics of Governance is currently edited by Amihai Glazer and Marko Koethenbuerger
More articles in Economics of Governance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().