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

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  • Gunther Maier

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.
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(This abstract was borrowed from another version of this item.)

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  • Gunther Maier, 1998. "History, Spatial Structure, and Regional Growth: Lessons for Policy Making," SRE-Disc sre-disc-63, Institute for Multilevel Governance and Development, Department of Socioeconomics, Vienna University of Economics and Business.
    • Handle: RePEc:wiw:wiwsre:sre-disc-63
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    Cited by:

    1. 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).
    2. Petrick, Martin, 2013. "Reversing the rural race to the bottom: an evolutionary model of neo-endogenous rural development," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 40(4), pages 707-735.

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