Introduction to Regional Economic Development

Introduction to Regional Economic Development

Major Theories and Basic Analytical Tools

Mustafa Dinc

This is a relatively simple and easy to read introduction of major regional and local economic development theories, their theoretical evolution and other relevant topics such as governance, institutions and local leadership within the globalization context. It also discusses some basic analytical tools and provides a template for them in an easy to use MS Excel spreadsheet application. It introduces conflict management procedures into regional development process and provides a regional decision support framework.

Chapter 7: Traditional methods for local and regional economic analysis

Mustafa Dinc

Subjects: economics and finance, regional economics, urban and regional studies, regional economics


In this chapter, some simple and easy to use analytical models/techniques are reviewed and discussed along with examples that will assist researchers and local policymakers in understanding, analysing and applying the local and regional development theories. These techniques will also assist in understanding, describing and documenting changes in the local economy in a way that would enable policymakers to make sound and informed decisions. Here, five of these models are discussed and applied to regional development settings. They are shift-share analysis, location quotient, economic base model, input–output model and data envelopment analysis (DEA).

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