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By Charlie Karlsson, Borje Johansson, Roger R. Stough

ISBN-10: 1849809267

ISBN-13: 9781849809269

Neighborhood financial improvement has skilled substantial dynamism over contemporary years. possibly the main awesome situations have been the increase of China and India to emergent nation prestige through the flip of the millennium. With time now for hindsight, this e-book identifies the various key forces in the back of those improvement successes, particularly agglomeration, clusters and entrepreneurship.

The specialist participants discover those 3 forces, which shape the foundation of a lot scholarly paintings in new fiscal geography and endogenous progress idea and coverage. right here, lecturers from throughout Europe, North the US, Asia and Australia examine the position of agglomeration, clusters and entrepreneurship in neighborhood financial improvement inside an international marketplace context.

The publication offers stable conceptual and methodological contributions to the growing to be physique of data that extends those theoretical recommendations, and prescribes coverage and useful functions. appropriate case stories underpin the specific empirical analyses.

Academics, scholars, researchers and policymakers within the fields of entrepreneurship, neighborhood improvement and nearby technology will locate this e-book to be an enlightening read.

Contributors: L. Achtenhagen, J. Bastesen, I. Bernhard, N. Carbonara, T.L. Clower, G.A.S. cook dinner, I. Giannoccaro, L. Iandoli, H. Jeong, B. Johannson, C. Karlsson, okay. Kobayashi, S. Koster, A. Manduchi, E. Marchione, M. Markantoni, L. Naldi, ok. Nyström, M. Onishi, N.R. Pandit, R. Picard, C. Ponsiglione, T.-K. Shyy, C. tune, R.J. Stimson, R.R. Stough, D. Strijker, E. Vatne, B.L. Weinstein, E. Wihlborg, G. Zollo

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Additional resources for Agglomeration, Clusters and Entrepreneurship: Studies in Regional Economic Development

Example text

A possible explanation for this empirical finding is that personal service jobs are low-­paying, so increases in personal in-­person service workers could imply that workers are losing high-­paying jobs and are forced to take lower-­paying jobs (for example, personal services) because the economy is in decline (there was a recession period at the latter part of the period being studied). 4 An MSA’s entrepreneurship capital – measured by the percent of and percentage change of small business employment in the total employment of a region – appeared to positively affect the level of endogenous regional employment growth Meanwhile the pools of different-­sized small businesses in an MSA might have had different effects on endogenous regional growth performance.

Therefore one would expect there to be an inverted ‘U-­shaped’ relationship between economic performance/ ­ growth and institutional thickness. Ideally a region would like to have a sufficiently large institutional infrastructure to reduce transaction costs significantly but not so much that decreasing returns set in, thereby ­reducing the benefits. The new growth theory literature (referred to earlier) shifted the focus of attention from the accumulation of productive capital to the importance of the role of knowledge – derived, among other things, from a region’s human capital – as an endogenous factor and its spillover effects.

In the second application, Stough et al. (2007) conducted an exploratory study of variations in endogenous regional employment growth across US Metropolitan Statistical Areas (MSAs). 22 Agglomeration, clusters and entrepreneurship In both of these exploratory applications of the model framework, the dependent variable measure of endogenous regional employment growth was the regional or differential shift component across all industry sectors derived from a shift-­share analysis of employment change over a specified period of time standardized by the size of the regional labor force.

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Agglomeration, Clusters and Entrepreneurship: Studies in Regional Economic Development by Charlie Karlsson, Borje Johansson, Roger R. Stough


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