A review of the federal role in regional economic development
Globalization is forcing regions throughout the nation to find new competitive niches in rapidly changing markets. The resulting quest for new economic engines is different in every region, driven by a region’s distinct economic assets and the specific markets it can tap. At the same time, economic experts have discovered a whole new set of strategies that offer the greatest potential in helping regions compete in the global marketplace. These new strategies focus more on the region itself, namely, helping entrepreneurs and skilled workers innovate and seize new market opportunities—an approach strikingly at odds with past strategies that often aimed at recruiting industrial facilities to a region. ; Amid these tectonic shifts in how regions grow their economies, federal policy for economic development goes on largely unchanged. The federal development effort is carried out through nine federal departments and five independent agencies, forming a sort of Rube Goldberg policy apparatus cobbled together over the past 50 years or so. There is no unifying purpose to this legion of federal programs. New questions are being raised about this policy apparatus, however. With big deficits in prospect for the federal budget, every federal program is under new budget scrutiny. The Administration’s recent proposal to redesign economic development grant programs in the federal budget was perhaps the first effort to call attention to how the federal government shapes regional economic development. It will not be the last. ; This report frames in broad terms what the federal government’s future role could be in regional economic development. Three steps are essential in framing that role. The first step is to confirm what regional development policy is today. The second step is to identify what makes regional economies grow in the 21st century. The final step is to consider how federal policy might change to help regions grow in the future.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|This book is provided by Federal Reserve Bank of Kansas City in its series Monograph with number 2005arotfrire and published in 2005.|
|Contact details of provider:|| Postal: 1 Memorial Drive, Kansas City, MO 64198-0001|
Phone: (816) 881-2254
Web page: http://www.kansascityfed.org/
More information through EDIRC
|Order Information:|| Email: |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gavin A. Wood & John B. Parr, 2005. "Transaction Costs, Agglomeration Economies, and Industrial Location," Growth and Change, Wiley Blackwell, vol. 36(1), pages 1-15.
- Zoltan J. Acs & Catherine Armington, 2004.
"The Impact of Geographic Differences in Human Capital on Service Firm Formation Rates,"
Papers on Entrepreneurship, Growth and Public Policy
2004-15, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- Acs, Zoltan J. & Armington, Catherine, 2004. "The impact of geographic differences in human capital on service firm formation rates," Journal of Urban Economics, Elsevier, vol. 56(2), pages 244-278, September.
- Stephan Weiler, 2001. "Unemployment in Regional Labor Markets: Using Structural Theories to Understand Local Jobless Rates in West Virginia," ILR Review, Cornell University, ILR School, vol. 54(3), pages 573-592, April.
- Zvi Griliches, 1998.
"Patent Statistics as Economic Indicators: A Survey,"
in: R&D and Productivity: The Econometric Evidence, pages 287-343
National Bureau of Economic Research, Inc.
- Griliches, Zvi, 1990. "Patent Statistics as Economic Indicators: A Survey," Journal of Economic Literature, American Economic Association, vol. 28(4), pages 1661-1707, December.
- Zvi Griliches, 1990. "Patent Statistics as Economic Indicators: A Survey," NBER Working Papers 3301, National Bureau of Economic Research, Inc.
- Adam B. Jaffe & Manuel Trajtenberg & Rebecca Henderson, 1992.
"Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations,"
NBER Working Papers
3993, National Bureau of Economic Research, Inc.
- Adam B. Jaffe & Manuel Trajtenberg & Rebecca Henderson, 1993. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 577-598.
- Jaffe, A.B. & Trajtenberg, M., 1992. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations," Papers 14-92, Tel Aviv.
- Audretsch, David B & Feldman, Maryann P, 1996. "R&D Spillovers and the Geography of Innovation and Production," American Economic Review, American Economic Association, vol. 86(3), pages 630-40, June.
- Andrew M. Isserman, 2000. "Creating new economic opportunities : the competitive advantages of rural America in the next century," Proceedings – Rural and Agricultural Conferences, Federal Reserve Bank of Kansas City, issue Oct, pages 123-141.
- Douglass C. North, 1955. "Location Theory and Regional Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 63, pages 243.
- repec:fth:harver:1473 is not listed on IDEAS
- Paul Krugman, 1990.
"Increasing Returns and Economic Geography,"
NBER Working Papers
3275, National Bureau of Economic Research, Inc.
- AnnaLee Saxenian, 2002. "Silicon Valleyâ€™s New Immigrant High-Growth Entrepreneurs," Economic Development Quarterly, , vol. 16(1), pages 20-31, February.
- Robert J. Barro & Xavier Sala-i-Martin, 1991.
"Convergence across States and Regions,"
Brookings Papers on Economic Activity,
Economic Studies Program, The Brookings Institution, vol. 22(1), pages 107-182.
- Masahisa Fujita & Paul Krugman, 2003.
"The new economic geography: Past, present and the future,"
Papers in Regional Science,
Springer;Regional Science Association International, vol. 83(1), pages 139-164, October.
- Fujita , Masahisa & Krugman, Paul, 2004. "The new economic geography: Past, present and the future," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 4, pages 177-206.
- Masahisa Fujita & Paul Krugman, 2003. "The new economic geography: Past, present and the future," Economics of Governance, Springer, vol. 83(1), pages 139-164, October.
- Paul M Romer, 1999.
"Endogenous Technological Change,"
Levine's Working Paper Archive
2135, David K. Levine.
- Kilkenny, Maureen, 1998. "Transport Costs, the New Economic Geography, and Rural Development," Staff General Research Papers 1201, Iowa State University, Department of Economics.
- Barro, Robert J & Sala-i-Martin, Xavier, 1992.
Journal of Political Economy,
University of Chicago Press, vol. 100(2), pages 223-51, April.
- Barro, R.J. & Sala-I-Martin, X., 1991. "Convergence," Papers 645, Yale - Economic Growth Center.
- Barro, Robert J. & Sala-i-Martin, Xavier, 1992. "Convergence," Scholarly Articles 3451299, Harvard University Department of Economics.
- Barro, R.J. & Sala-I-Martin, X., 1991. "Convergence Across States and Regions," Papers 629, Yale - Economic Growth Center.
- Anselin, Luc & Varga, Attila & Acs, Zoltan, 1997. "Local Geographic Spillovers between University Research and High Technology Innovations," Journal of Urban Economics, Elsevier, vol. 42(3), pages 422-448, November.
- Zoltan J. Acs & Attila Varga, 2004.
"Entrepreneurship, Agglomeration and Technological Change,"
Papers on Entrepreneurship, Growth and Public Policy
2004-06, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- Zoltán Ács & Attila Varga, 2005. "Entrepreneurship, Agglomeration and Technological Change," Small Business Economics, Springer, vol. 24(3), pages 323-334, 02.
- Huffman, David & Quigley, John M., 2002.
"The Role of the University in Attracting High Tech Entrepreneurship: A Silicon Valley Tale,"
Berkeley Program on Housing and Urban Policy, Working Paper Series
qt39p8c937, Berkeley Program on Housing and Urban Policy.
- David Huffman & John M. Quigley, 2002. "The role of the university in attracting high tech entrepreneurship: A Silicon Valley tale," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 36(3), pages 403-419.
- Ellis, Stephen & Rogers, Cynthia, 2000. "Local Economic Development as a Prisoners' Dilemma: The Role of Business Climate," The Review of Regional Studies, Southern Regional Science Association, vol. 30(3), pages 315-330, Winter.
- Joseph M. Sertich, 2004. "New governance in action : the Minnesota Arrowhead model," Proceedings – Rural and Agricultural Conferences, Federal Reserve Bank of Kansas City, issue May, pages 9-24.
- Franz Tödtling & Michaela Trippl, 2004. "One size fits all? Towards a differentiated policy approach with respect to regional innovation systems," SRE-Disc sre-disc-2004_01, Institute for Multilevel Governance and Development, Department of Socioeconomics, Vienna University of Economics and Business.
- Eric Scorsone & Stephan Weiler, 2004. "New Markets as Informational Asymmetries," Economic Development Quarterly, , vol. 18(3), pages 303-313, August.
- Douglas Holtz-Eakin & Chihwa Kao, 2003. "Entrepreneurship and Economic Growth: The Proof Is in the Productivity," Center for Policy Research Working Papers 50, Center for Policy Research, Maxwell School, Syracuse University.
- Acs, Zoltan J & Audretsch, David B, 1989. "Patents as a Measure of Innovative Activity," Kyklos, Wiley Blackwell, vol. 42(2), pages 171-80.
- Catherine Co, 2002. "Evolution of the Geography of Innovation: Evidence from Patent Data," Growth and Change, Wiley Blackwell, vol. 33(4), pages 393-423.
When requesting a correction, please mention this item's handle: RePEc:fip:fedkmo:2005arotfrire. 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: (Lu Dayrit)
If references are entirely missing, you can add them using this form.