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

In: Theories of Endogenous Regional Growth

Author

Listed:
  • Roger R. Stough

    (George Mason University)

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.

Suggested Citation

  • Roger R. Stough, 2001. "Endogenous Growth Theory and the Role of Institutions in Regional Economic Development," Advances in Spatial Science, in: Börje Johansson & Charlie Karlsson & Roger R. Stough (ed.), Theories of Endogenous Regional Growth, chapter 2, pages 17-48, Springer.
    • Handle: RePEc:spr:adspcp:978-3-642-59570-7_2
    DOI: 10.1007/978-3-642-59570-7_2
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    Cited by:

    1. Minakir, P. & Prokapalo, O., 2018. "Far East Priority: Combinations of Investment and Institutes," Journal of the New Economic Association, New Economic Association, vol. 38(2), pages 146-155.
    2. James R. Wilson & Mari Jose Aranguren & Mikel Navarro, 2015. "From Plan to Process: Exploring the Leadership Implications of RIS3," Working Papers 2015R01, Orkestra - Basque Institute of Competitiveness.
    3. Sam Tavassoli & Lars Bengtsson & Charlie Karlsson, 2017. "Strategic entrepreneurship and knowledge spillovers: spatial and aspatial perspectives," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 233-249, March.
    4. Rafiou Raphaël Bétila, 2021. "The impact of Ease of Doing Business on economic growth: a dynamic panel analysis for African countries," SN Business & Economics, Springer, vol. 1(10), pages 1-34, October.
    5. Russ, Meir & Jones, Jeanette K., 2008. "Regional Economic Development Indicators for a Knowledge-Based Economy with Knowledge Deprivation," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 38(2), pages 1-17.
    6. Jesús María Valdaliso, 2015. "Pertenencia a clústeres y comportamiento competitivo de las empresas: un estudio de seis asociaciones-clúster en el País Vasco," Working Papers 2015R02, Orkestra - Basque Institute of Competitiveness.
    7. Giuseppe Di Vita, 2018. "Institutional quality and the growth rates of the Italian regions: The costs of regulatory complexity," Papers in Regional Science, Wiley Blackwell, vol. 97(4), pages 1057-1081, November.
    8. Sotarauta Markku, 2016. "Place leadership, governance and power," Administration, Sciendo, vol. 64(3-4), pages 45-58, December.

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