Industrial Legacy Matters: Implications for the Development and Use of Indices of Regional Competitiveness
This article addresses the usefulness of indices of regional competitiveness in guiding economic development strategies for communities with different industrial legacies. Growth models for employment and per capita income are estimated for 151 metropolitan areas in the Southern United States. The explanatory variables for regional growth include measures of New Economy inputs (innovation, human capital, and entrepreneurial environment) and industry structure (composition, size, age, and diversity). The findings indicate that metro growth rates in per capita income are associated primarily with New Economy inputs whereas employment growth rates are related primarily to industry structure characteristics. In addition, interaction terms between the policy and structure variables indicate that policy inferences from indices of competitiveness should vary by city type. For example, increases in knowledge workers and entrepreneurial environment are more positively associated with income growth rates in the smaller, more specialized metropolitan areas. Economic history and industrial legacy matter in the application of competitiveness indices to inform economic development policy.
Volume (Year): 25 (2011)
Issue (Month): 2 (May)
|Contact details of provider:|
When requesting a correction, please mention this item's handle: RePEc:sae:ecdequ:v:25:y:2011:i:2:p:130-142. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.