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Place-Based Economic Policy: Innovation or Fad?

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  • Johnson, Thomas G.

Abstract

This paper explores the emerging concept of place-based economic policy. It reviews recent literature on place-based economics policy, especially regional competitiveness policy, and explores the adoption and diffusion of this concept by economic development practitioners and social science researchers. It attempts to answer the question: Are place-based economic policy and the underlying conceptual foundations lasting innovations, or are they fads which economic development practitioners and social scientists will adopt until another fad emerges? The conclusion is that economic development practitioners and social scientists do tend to respond to fads. To ensure that regional economic development policy is not dominated by fads, social scientists must get out in front of economic development practitioners far enough to thoroughly develop and test regional competitiveness and other place-based economic theories.

Suggested Citation

  • Johnson, Thomas G., 2007. "Place-Based Economic Policy: Innovation or Fad?," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 36(01), pages 1-8, April.
    • Handle: RePEc:ags:arerjl:10160
    DOI: 10.22004/ag.econ.10160
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    References listed on IDEAS

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    1. Johnson, Thomas G., 2002. "Where is the Place in Space?," The Review of Regional Studies, Southern Regional Science Association, vol. 32(1), pages 9-17, Winter/Sp.
    2. Michael Kitson & Ron Martin & Peter Tyler, 2004. "Regional Competitiveness: An Elusive yet Key Concept?," Regional Studies, Taylor & Francis Journals, vol. 38(9), pages 991-999.
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    Cited by:

    1. Teemu Makkonen & Petri Kahila, 2021. "Vitality policy as a tool for rural development in peripheral Finland," Growth and Change, Wiley Blackwell, vol. 52(2), pages 706-726, June.
    2. Olfert, R. & Berdegué, J. & Escobal, J. & Jara, B. & Modrego, F., 2011. "Places for Place-Based Policies," Working papers 079, Rimisp Latin American Center for Rural Development.
    3. Laura REESE, 2012. "CREATIVE CLASS OR PROCREATIVE CLASS: IMPLICATIONS FOR LOCAL ECONoMIC DEVELOPMENT POLICY," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 7(1), pages 5-26, February.
    4. Sarah Taghvai Soroui, 2023. "Encountering weak signals: Economic development practitioners’ perceptions of remote work arrangements," Local Economy, London South Bank University, vol. 38(1), pages 3-21, February.
    5. Mark D. Partridge & M. Rose Olfert, 2011. "The Winners' Choice: Sustainable Economic Strategies for Successful 21st-Century Regions," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 33(2), pages 143-178.
    6. Thomas G. Johnson, 2013. "Rural policy," Chapters, in: Gary Paul Green (ed.), Handbook of Rural Development, chapter 3, pages i-ii, Edward Elgar Publishing.
    7. Gordon F Mulligan & Alex C Vias, 2011. "Place-Specific Economic Base Multipliers," Environment and Planning B, , vol. 38(6), pages 995-1011, December.
    8. Samira Bakhshi & Mohammad Shakeri & M. Rose Olfert & Mark D. Partridge & Simon Weseen, 2009. "Do Local Residents Value Federal Transfers?," Public Finance Review, , vol. 37(3), pages 235-268, May.
    9. Laura A. Reese & Minting Ye, 2011. "Policy Versus Place Luck: Achieving Local Economic Prosperity," Economic Development Quarterly, , vol. 25(3), pages 221-236, August.

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