Elgar original reference
Edited by Roberta Capello and Peter Nijkamp
Introduction: Regional Growth and Development Theories in the Twenty-first Century – Recent Theoretical Advances and Future Challenges
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)...