EconPapers    
Economics at your fingertips  
 

Institutions and the fortunes of territories

Andrés Rodríguez-Pose ()

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Regions and cities face unceasing pressures to adapt in response to processes of globalization, changes in industrial production, and new patterns of migration and trade. At the same time, the dominant development policies are proving less than capable of providing answers to these challenges. Strategies based on a mix of physical and human capital and technology have not succeeded in dealing with growing territorial inequality and its treacherous economic, social and political consequences. There is thus an urgent need to understand why territorial divergence occurs and why there is what seems to be a growing decline in the returns of public intervention targeting economic development. In the search for answers, scholars have turned to the examination of institutions. But despite progress in our grasp of how institutions affect development, crucial knowledge gaps remain. This paper reviews recent progress in our understanding of the role of institutions for development, unveils the most important gaps, and proposes a series of avenues to improve how a better understanding of how institutions shape regional and urban development can lead to more efficient development policies.

Keywords: institutions; government quality; public policies; regions; cities (search for similar items in EconPapers)
JEL-codes: R14 J01 N0 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2020-06-01
New Economics Papers: this item is included in nep-gen, nep-geo, nep-his and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Published in Regional Science Policy & Practice, 1, June, 2020, 12(3), pp. 371 - 386. ISSN: 1757-7802

Downloads: (external link)
http://eprints.lse.ac.uk/103831/ Open access version. (application/pdf)

Related works:
Journal Article: Institutions and the fortunes of territories (2020) Downloads
Working Paper: Institutions and the fortunes of territories (2020) Downloads
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:ehl:lserod:103831

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().

 
Page updated 2020-09-26
Handle: RePEc:ehl:lserod:103831