Handbook of Regional Growth and Development Theories
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Handbook of Regional Growth and Development Theories

Revised and Extended Second Edition

Edited by Roberta Capello and Peter Nijkamp

Regional economics – an established discipline for several decades – has undergone a period of rapid change in the last ten years resulting in the emergence of several new perspectives. At the same time the methodology of regional economics has also experienced some surprising developments. This fully revised and updated Handbook brings together contributions looking at new pathways in regional economics, written by many well-known international scholars. The aim is to present the most cutting-edge theories explaining regional growth and local development. The authors highlight the recent advances in theories, the normative potentialities of these theories and the cross-fertilization of ideas between regional and mainstream economists. It will be an essential source of reference and information for both scholars and students in the field.
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Chapter 5: Leadership, institutions and regional economic development and growth

Roger R. Stough

Abstract

The chapter focuses on leadership in regional economic growth and development as an institutional variable that is influenced by governance, culture, history and other institutional factors. Following the consideration of different leadership theories and definitions of core concepts, the chapter explains that most leadership is incremental and addresses modest problems in the context of relatively stable economic or equilibrium conditions. However, when such standing patterns are disrupted, major leadership-driven change usually occurs to transform the existing economic structure. Such leadership is explained by the contingency theory of leadership. Of 44 regional leadership case studies, 42 can be understood from the perspective of contingency theory; only two are explained by the great man theory. Selected case studies from the US, Europe and Asia illustrate the contingency theory argument.

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