Is There a Future for Regional Science in Economics?
The role of a region as an appropriate entity for theoretical analysis is reviewed in the last several decades of English language economics literature. Concluding that regional analysis currently has a marginal role within theoretical economics, several suggestions are presented for research directions that would reinvigorate regional theory as a distinct part of economic inquiry. Suggestions include the use of concepts of industrial organization theory, such as fixed factor proportions for explaining regional resource utilization, the use of market size as a variable for explaining firm behavior at the regional level, and viewing a region as a set of inter-related institutions which can influence a region's growth path.
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Volume (Year): 27 (1993)
Issue (Month): 3 (September)
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