On the supply-side determinants of regional growth
Philip McCann ()
Construction Management and Economics, 2006, vol. 24, issue 7, 681-693
Abstract:
The major developments in thought regarding regional economic growth and development are traced over the last two decades. The supply-side micro-foundations of regional growth have come under scrutiny in a manner which has previously not been evident. In particular, an examination of the elements of industrial clustering, regional industrial structure, and place characteristics which may promote innovation, have become a central focus of modern regional growth analysis. The micro-foundations of these arguments are analysed, and the links between innovation and clustering explored within a transactions-costs framework. This allows us to point to areas in which our understanding has grown over recent years, and to identify further areas of analysis which are required.
Keywords: Economic theory; urban development; urban planning; markets; transaction cost economics (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:taf:conmgt:v:24:y:2006:i:7:p:681-693
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DOI: 10.1080/01446190500514756
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