Spatial Scenarios in a Global Perspective
Show Less

Spatial Scenarios in a Global Perspective

Europe and the Latin Arc Countries

Edited by Roberto Camagni and Roberta Capello

This up-to-date and insightful book presents post-crisis scenarios for European regions with new methodologies and tools to support quantitative assessment and foresight. The aim is to develop regional forecasting methodologies and tools, appropriate to the regional-local scale but consistent with a general EU-wide approach. This effort is particularly important in a period of economic crisis, as an economic downturn generates high uncertainty about the future of economic systems, and consequently will determine the new winners and losers in a globalized world.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 7: The Latin Arc

Antonio Affuso and Ugo Fratesi


Antonio Affuso and Ugo Fratesi 7.1 INTRODUCTION In the previous chapters we have analysed the elements of territorial capital that play a role in explaining the differential growth rates of provinces with respect to their regions. As we have seen in Chapter 5, we are not able to capture all the effects. Some data, such as those describing the system of cultural elements and values which attribute sense and meaning to local practices and structures and define local identities, are not available, although they should be considered because they can boost the internal capacity to exploit local potentials. Hence, for exogenous reasons, the MAN-3 model is not able to take account of all the aspects of territorial capital which inspired its design. As we shall see at the end of this chapter, it is possible to overcome this limitation by means of a simple procedure able to take into account provincial specificities and which is labelled ‘fine-tuning’. This ought to provide a first response to the serious difficulty of considering all the variables affecting economic growth due to data problems and econometric issues which prevent the use of too many regressors at the same time. No scenario exercise, however, is fruitful if it is unable to increase understanding of the mechanisms which work at territorial level and bring policy consequences. This also requires information which is more place specific than that obtainable from pure modelling results. Whence derives the need to apply the scenarios to a specific territory and the...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.