Endogenous Growth Theory and the Role of Institutions in Regional Economic Development

Roger R. Stough
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Roger R. Stough: George Mason University

Chapter 2 in Theories of Endogenous Regional Growth, 2001, pp 17-48 from Springer

Abstract: Abstract Regional economic development involves a wide array of factors whose importance varies across regions and time. Thus, an economy that is resource dependent will have different defining characteristics than one that is service based. Likewise, an economy embedded in a transition to a knowledge based structure will exhibit different attributes than at an earlier time when it was manufacturing based. This understanding is not new. However, two types of factors are essential to the understanding of regional economic systems: endogenous and exogenous. In all regional economic systems these factors are entwined and intermingled, and functionally inseparable.

Keywords: Resource Endowment; Regional Economic Development; Endogenous Growth Theory; National Capital Region; Endogenous Regional Growth (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1007/978-3-642-59570-7_2

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