Picking a Winner? Evidence from the Non-Manufacturing High-Tech Industry in the Blacksburg MSA
Regional scientists have developed numerous concepts and measures of economic diversity and diversification, primarily motivated by the desire to establish a relationship between diversity and economic performance. Rather than striving for a unified theory with a singular measure, this paper argues that economic developers should employ a multi-dimensional framework that combines the comparative advantages of a range of theoretical approaches. The application of locational, agglomerational and risk-reward measures to the non-manufacturing high-tech industry for the Blacksburg MSA in southwestern Virginia reveals specific policy implications and offers lessons for economic policy design.
|Date of creation:||06 Dec 2006|
|Date of revision:||06 Dec 2006|
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- Bresnahan, Timothy F & Gambardella, Alfonso & Saxenian, AnnaLee, 2001. "'Old Economy' Inputs for 'New Economy' Outcomes: Cluster Formation in the New Silicon Valleys," Industrial and Corporate Change, Oxford University Press, vol. 10(4), pages 835-60, December.
- Douglass C. North, 1955. "Location Theory and Regional Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 63, pages 243.
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