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Local economic development: theoretical perspectives

Caterina Ferrario

No 20210110, Working Papers from University of Ferrara, Department of Economics

Abstract: Economic growth and wellbeing are often considered issues to be addressed by central government action and policies. However, economic downturns in a context of globalisation have shown how localities are differently exposed to macroeconomic fluctuations due to differences in local endowments and local assets. Therefore, policies for local economic development become a critical issue in order to foster an inclusive, consistent and widespread process of economic growth. This paper focuses on local economic development under a theoretical perspective. That is, it presents an overview of the main theoretical streams that have investigated this issue, with the purpose of proposing a classification of policies and programmes that favour local economic development.

Keywords: local economic development; urban and regional growth theories (search for similar items in EconPapers)
JEL-codes: O1 O11 O18 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2021-03-22
New Economics Papers: this item is included in nep-ure
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