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Modelling leadership and institutional factors in endogenous regional development

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  • Robert J Stimson
  • Roger R. Stough

Abstract

Theories and approaches to endogenous growth and regional development tend to neglect or at best underplay the role of leadership and the way institutional factors are considered is usually simplistic. This paper builds on work the authors have been developing over the last year or so to develop a model framework of regional economic development that explicitly incorporates leadership and institutional factors along with the consideration of resource endowments and market fit and of entrepreneurship. An approach to operationalizing the model is proposed.

Suggested Citation

  • Robert J Stimson & Roger R. Stough, 2004. "Modelling leadership and institutional factors in endogenous regional development," ERSA conference papers ersa04p697, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa04p697
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    File URL: https://www-sre.wu.ac.at/ersa/ersaconfs/ersa04/PDF/697.pdf
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    References listed on IDEAS

    as
    1. Robert J. Stimson & Roger R. Stough & Brian H. Roberts, 2002. "Regional Economic Development," Advances in Spatial Science, Springer, number 978-3-662-04911-2, Fall.
    2. K. J. Arrow, 1971. "The Economic Implications of Learning by Doing," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149, Palgrave Macmillan.
    3. Krugman, Paul, 1981. "Trade, accumulation, and uneven development," Journal of Development Economics, Elsevier, vol. 8(2), pages 149-161, April.
    4. Börje Johansson & Charlie Karlsson & Roger R. Stough (ed.), 2001. "Theories of Endogenous Regional Growth," Advances in Spatial Science, Springer, number 978-3-642-59570-7, Fall.
    5. Bob Jessop & Ngai-Ling Sum, 2000. "An Entrepreneurial City in Action: Hong Kong's Emerging Strategies in and for (Inter)Urban Competition," Urban Studies, Urban Studies Journal Limited, vol. 37(12), pages 2287-2313, November.
    6. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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