Factors associated with the growth of local and regional economies
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Factors associated with the growth of local and regional economies a review of selected empirical literature by

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Published by U.S. Dept. of Agriculture, Economic Research Service, Agriculture and Rural Economy Division in [Washington, DC] (1301 New York Avenue, NW, Washington 20005-4788) .
Written in English


  • Industrial location,
  • Regional economics

Book details:

Edition Notes

Other titlesReview of selected empirical literature
StatementLorin D. Kusmin
SeriesStaff report -- no. AGES 9405, ERS staff report -- no. AGES 9405
ContributionsUnited States. Dept. of Agriculture. Economic Research Service. Agriculture and Rural Economy Division
The Physical Object
Paginationvi, 75 p
Number of Pages75
ID Numbers
Open LibraryOL13616922M

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It is fundamentally dependent on a concentrated organization of the territory, embedded in which is a socio-economic and cultural system whose components determine the success of the local economy: entrepreneurial ability, local production factors (labour and capital), relational skills of local actors generating cumulative knowledge-acquisition – and, moreover, a decision-making capacity which enables local economic . Territorial Innovations Models In Regional Economic Development According to the fourth group of regional economy theory, in addition to labor and capital, an important factor of growth and development of a local milieu is the diffusion of innovations. An innovation herein should be understood in a wider by: 6. Regional Economic Development: A Review Andrea Ascani, Riccardo Crescenzi, Simona Iammarino Department of Geography and Environment London School of Economics and Political Science Email: @ Abstract This review offers an analysis of the main concepts explored in the regional and local economic development literature. regional development (different scales: global, national, regional and local), pointing to the economic benefits coming from the spatial concentration of economic activities. One of the well-known economic theories is the concept of growth poles by F. Perroux. Originally the concept was more economic .

Regional development in a country is subjected to global and local e factors natural and human resources are prime requirements,the policy . The same factor, once considered the driving engine of economic growth and development, currently it can be efficient only if it incorporate enough knowledge; otherwise it will have a secondary. Social factors involve customs, traditions, values and beliefs, which contribute to the growth of an economy to a considerable extent. For example, a society with conventional beliefs and superstitions resists the adoption of modern ways of living. In such a case, achieving becomes difficult.   Local economies are the building blocks for national ones. An updated and expansive core text, the Second Edition of Local Economic Development: Analysis, Practices, and Globalization provides a comprehensive introduction to the economics of local economic development. Delving into cutting-edge topics such as cluster analysis, creative class orientation, competitive advantage, social capital.

Factors such as poor seasonal weather, higher transportation costs due to both profit taking and increasing costs for fuels can send a local economy into shambles within a short period of time - causing some of the highest unemployment rates in any industry. But there are many factors that affect economic development. Three important ones are population, conflict, and environment. The effect of population growth can be positive or negative depending. economic growth with more and better jobs and greater social cohesion. Within this context, the real challenge here is to seek a more proper understanding of the term regional competitiveness and to gain insight into the driving factors behind it. Before delving into regional .   The regional economic accounts tell us about the geographic distribution of U.S. economic activity and growth. The estimates of gross domestic product by state and state and local area personal income, and the accompanying detail, provide a consistent framework for analyzing and comparing individual state and local area economies.