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Human Capital-Based Strategy for Regional Economic Development

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  • Vijay K. Mathur

    (Cleveland State University)

Abstract

Regional policy makers have always wrestled in vain to come up with regional economic development policies that are coherent and uniform and can be defended on economic grounds. However, most policies are either ad hoc or based on political considerations. The relevant literature dealing with regional economic development strategies is fragmented. It also does not provide any guidance to formulate an overall long-term strategy based on an integrated analytical foundation. It incorporates elements like entrepreneurship, human capital, workplace training, capital accumulation, R&D effort, innovations, technology, and technological cycles. This article proposes a human capital accumulation strategy for regional economic development that not only integrates the above diverse elements of the literature into a cohesive analytical framework but also provides the rationale for it to be part of a long-term policy for economic development on efficiency grounds.

Suggested Citation

  • Vijay K. Mathur, 1999. "Human Capital-Based Strategy for Regional Economic Development," Economic Development Quarterly, , vol. 13(3), pages 203-216, August.
    • Handle: RePEc:sae:ecdequ:v:13:y:1999:i:3:p:203-216
    DOI: 10.1177/089124249901300301
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    1. Roberta Comunian & Alessandra Faggian, 2011. "Higher Education and the Creative City," Chapters, in: David Emanuel Andersson & Åke E. Andersson & Charlotta Mellander (ed.), Handbook of Creative Cities, chapter 10, Edward Elgar Publishing.
    2. Ballinger, T. Parker & Habegger, Wendy & Jones, Clifton T. & Thompson, Mark A., 2016. "Convergence in Venture Capital Investments: Evidence from a Panel of 18 US Regions," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 46(2), December.
    3. Richard Florida & Charlotta Mellander & Patrick Adler, 2011. "The Creative Class Paradigm," Chapters, in: David Emanuel Andersson & Åke E. Andersson & Charlotta Mellander (ed.), Handbook of Creative Cities, chapter 3, Edward Elgar Publishing.
    4. Bucci, Alberto & Segre, Giovanna, 2011. "Culture and human capital in a two-sector endogenous growth model," Research in Economics, Elsevier, vol. 65(4), pages 279-293, December.
    5. Mikaela Backman, 2014. "Human capital in firms and regions: Impact on firm productivity," Papers in Regional Science, Wiley Blackwell, vol. 93(3), pages 557-575, August.
    6. Todd M. Gabe, 2009. "Knowledge And Earnings," Journal of Regional Science, Wiley Blackwell, vol. 49(3), pages 439-457, August.
    7. Markusen, Ann, 2007. "A Consumption Base Theory of Development: An Application to the Rural Cultural Economy," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 36(1), pages 1-15, April.
    8. Ronald L. Whisler & Brigitte S. Waldorf & Gordon F. Mulligan & David A. Plane, 2008. "Quality of Life and the Migration of the College‐Educated: A Life‐Course Approach," Growth and Change, Wiley Blackwell, vol. 39(1), pages 58-94, March.
    9. Richard Florida & Charlotta Mellander & Kevin Stolarick, 2016. "Human capital in cities and suburbs," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 57(1), pages 91-123, July.
    10. Bradley K. Hobbs & Mushfiq Swaleheen, 2014. "Entrepreneurial starts: nature or nurture?," Chapters, in: Robert F. Salvino Jr. & Michael T. Tasto & Gregory M. Randolph (ed.), Entrepreneurial Action, Public Policy, and Economic Outcomes, chapter 5, pages 83-99, Edward Elgar Publishing.
    11. Terance J. Rephann, 2007. "Community College Growth Opportunities: Untapped Potential in America's Heartland?," Growth and Change, Wiley Blackwell, vol. 38(3), pages 443-459, September.
    12. Davide Antonioli & Alberto Marzucchi & Sandro Montresor, 2014. "Regional Innovation Policy and Innovative Behaviour: Looking for Additional Effects," European Planning Studies, Taylor & Francis Journals, vol. 22(1), pages 64-83, January.
    13. Ann Marie Fiore & Linda S. Niehm & Jessica L. Hurst & Jihyeong Son & Amrut Sadachar & Daniel W. Russell & David Swenson & Christopher Seeger, 2015. "Will They Stay or Will They Go? Community Features Important in Migration Decisions of Recent University Graduates," Economic Development Quarterly, , vol. 29(1), pages 23-37, February.
    14. Hatcher, William & Oyer, Matt & Gallardo, Roberto, 2011. "The Creative Class and Economic Development as Practiced in the Rural U.S. South: An Exploratory Survey of Economic Development Professionals," The Review of Regional Studies, Southern Regional Science Association, vol. 41(2,3), pages 139-159, Fall, Win.
    15. Stuart Andreason & Ann Carpenter, 2015. "Fragmentation in workforce development and efforts to coordinate regional workforce development systems," FRB Atlanta Community and Economic Development Discussion Paper 2015-2, Federal Reserve Bank of Atlanta.
    16. Meisel-Roca, Adolfo, 2014. "El sueño de los radicales y las desigualdades regionales en Colombia : la educación de calidad para todos como política de desarrollo territorial," Chapters, in: Sánchez Jabba, Andrés & Otero Cortés, Andrea (ed.), Educación y desarrollo regional en Colombia, chapter 8, pages 261-278, Banco de la Republica de Colombia.
    17. Terance J. Rephann, 2008. "Community Colleges and Local Economic Development," Working Papers 2008-02, Center for Economic and Policy Studies.
    18. 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.
    19. María Jesús Rodríguez-Gulías & David Rodeiro-Pazos & Sara Fernández-López, 2016. "The Regional Effect on the Innovative Performance of University Spin-Offs: a Multilevel Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(4), pages 869-889, December.
    20. Stephanie A. Pink-Harper, 2015. "Educational Attainment," Economic Development Quarterly, , vol. 29(2), pages 167-179, May.
    21. Adelaja, Adesoji O. & Hailu, Yohannes G. & Abdulla, Majd, 2009. "New Economy Growth Decomposition in the U.S," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49579, Agricultural and Applied Economics Association.
    22. Otero Cortés, Andrea & Sánchez Jabba, Andrés (ed.), 2014. "Educación y desarrollo regional en Colombia," Books, Banco de la Republica de Colombia, number 2014a-07, December.
    23. Vijay K. Mathur & Sheldon H. Stein, 2005. "Do amenities matter in attracting knowledge workers for regional economic development?," Papers in Regional Science, Wiley Blackwell, vol. 84(2), pages 251-269, June.
    24. Jaewon Lim & Changkeun Lee & Euijune Kim, 2015. "Contributions of human capital investment policy to regional economic growth: an interregional CGE model approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(2), pages 269-287, December.

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