Table of Contents

Handbook of Regional Growth and Development Theories

Handbook of Regional Growth and Development Theories

Elgar original reference

Edited by Roberta Capello and Peter Nijkamp

Regional economics – an established discipline for several decades – has gone through a rapid pace of change in the past decade and several new perspectives have emerged. At the same time the methodology has shown surprising development. This volume brings together contributions looking at new pathways in regional economics, written by many well-known international scholars. The most advanced theories, measurement methods and policy issues in regional growth are given in-depth treatment.

Introduction: Regional Growth and Development Theories in the Twenty-first Century – Recent Theoretical Advances and Future Challenges

Roberta Capello and Peter Nijkamp

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


Introduction: regional growth and development theories in the twenty-first century – recent theoretical advances and future challenges Roberta Capello and Peter Nijkamp I.1 The resurgence of regional economics Regional economics is back on the stage. Regional development is not only an efficiency issue in economic policy, it is also an equity issue due to the fact that economic development normally exhibits a significant degree of spatial variability. Over the past decades this empirical fact has prompted various strands of research literature, in particular the measurement of interregional disparity, the causal explanation for the emergence or persistent presence of spatial variability in economic development, and the impact assessment of policy measures aimed at coping with undesirable spatial inequity conditions. The study of socio-economic processes and inequalities at meso and regional levels positions regions at the core places of policy action and hence warrants intensive conceptual and applied research efforts. For decades, the unequal distribution of welfare among regions and/or cities has been a source of concern for both policy-makers and researchers. Regional development is about the geography of welfare and its evolution. It has played a central role in such disciplines as economic geography, regional economics, regional science and economic growth theory. The concept is not static in nature, but refers to complex space–time dynamics of regions (or an interdependent set of regions). Changing regional welfare positions are often hard to measure, and in practice we often use gross domestic product (GDP) per capita (or growth thereof)...