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 26: Regional policy: rationale, foundations and measurement of effects

Jouke van Dijk, Henk Folmer and Jan Oosterhaven


This chapter starts with the two dilemmas that determine the rationale of regional policy: place prosperity versus people prosperity and interregional equity versus national efficiency. Second, it gives an overview of eight theories of regional development on which regional policy may be based: neoclassical growth, endogenous growth, post-Fordism, social capital, new economic geography, evolutionary geography, demand-driven export competition and learning regions. Thirdly, the choice of policy instruments is discussed, the most strategic being that between moving workers to the work versus moving work to the workers. Instruments to do the latter are either of a redistributive or endogenous growth type. Finally, this chapter evaluates micro and regional approaches to measure the impacts of regional policy instruments.

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