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Local economic development: theoretical perspectives

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  • Caterina Ferrario

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.

Suggested Citation

  • Caterina Ferrario, 2021. "Local economic development: theoretical perspectives," Working Papers 20210110, University of Ferrara, Department of Economics.
    • Handle: RePEc:udf:wpaper:20210110
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    More about this item

    Keywords

    local economic development; urban and regional growth theories;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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