Agents and Institutions

Gordon L. Clark and Paul Tracey
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Gordon L. Clark: University of Oxford
Paul Tracey: University of Cambridge

Chapter 2 in Global Competitiveness and Innovation, 2004, pp 17-43 from Palgrave Macmillan

Abstract: Abstract Comparative study has always played a prominent role in evaluating theories of economic resource allocation (witness the literature on regional economic convergence and divergence; see Clark et al. 1986 and Martin 2001). More recently, however, economic analysis throughout the world has come to rely upon cross-national comparisons of local and regional systems of accumulation, innovation and production (witness the literature on the Third Italy, Baden Württemberg, Silicon Valley etc; see Storper and Salais 1997). Reference to other countries and regions, comparing and contrasting competitiveness and economic trajectories, has encouraged analysts to look beyond conventional explanations of regional differentiation to issues such as culture, social capital, and the formal and informal regulation of exchange relationships (see Thrift 2000).

Keywords: Social Capital; Cognitive Capacity; Comparative Research; Resource Endowment; Global Competitiveness (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-00773-4_2

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DOI: 10.1057/9780230007734_2

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