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 8: Human capital and regional development

Alessandra Faggian, Félix Modrego and Philip McCann

Abstract

This chapter aims at showcasing to a broad audience how the concept of human capital can add to our understanding of regional economic growth and development. It begins with a review of the concept of human capital in mainstream economics. This is followed by a discussion of the regional aspects of the relationship between human capital and growth, focusing on the drivers and consequences of the interregional mobility of human capital. After that, the chapter elaborates on the key issue of the endogenous concentration of skilled human capital in cities and how this concentration is strongly associated with regional differences in productivity growth. It then focuses on the limitations of the traditional conceptualizations of human capital. The chapter concludes with a critical review of some of the remaining grey areas in our knowledge about the role of human capital for regional growth, drawing some implications for future research, policy and practice.

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