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History, Spatial Structure, and Regional Growth: Lessons for Policy Making

In: Theories of Endogenous Regional Growth

Author

Listed:
  • Gunther Maier

    (Vienna University of Economics and Business Administration)

Abstract

In recent years, we have seen some fundamental developments in economic theory concerning the understanding of economic growth. The traditional growth theory, which is based on the famous Solow-model (Solow, 1956), was replaced by a set of models and arguments that are commonly known as “new growth theory”. These developments are fundamental in the sense that they demonstrate that some of the basic assumptions of the traditional growth theory — and most of neo-classical economic theory in general — are inconsistent with basic phenomena of the modern economy, and that they attempt to overcome these assumptions.

Suggested Citation

  • Gunther Maier, 2011. "History, Spatial Structure, and Regional Growth: Lessons for Policy Making," Advances in Spatial Science, in: Börje Johansson & Charlie Karlsson & Roger R. Stough (ed.), Theories of Endogenous Regional Growth, chapter 6, pages 111-134, Springer.
    • Handle: RePEc:spr:adspcp:978-3-642-59570-7_6
    DOI: 10.1007/978-3-642-59570-7_6
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    Cited by:

    1. is not listed on IDEAS
    2. Gunther Maier & Patrick Lehner, 2002. "Does space finally matter? The position of New Economic Geography in Economic Journals," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2002(1).
    3. Martin Petrick, 2013. "Reversing the rural race to the bottom: an evolutionary model of neo-endogenous rural development," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 40(4), pages 707-735, September.

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