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Presidential Address: Industry Location, Economic Development Incentives, and Clusters

Author

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  • Woodward, Douglas P.

    (South Carolina State University)

Abstract

In his Presidential Address, Professor Woodward uses South Carolina’s economic development experience as a case study of significant challenges in regional development. The state has re-industrialized and emerged as a leader in attracting capital investment through generous financial incentives, after watching the demise of its major industry cluster (textiles and apparel) since the 1970s. The address argues that regional science research continues to advance our understanding of regional policies promoting industrial location. He urges caution regarding development incentives as a regional strategy. Instead, emerging research suggests that stronger agglomeration and cluster-based strategies are better suited to promote contemporary economic development.

Suggested Citation

  • Woodward, Douglas P., 2012. "Presidential Address: Industry Location, Economic Development Incentives, and Clusters," The Review of Regional Studies, Southern Regional Science Association, vol. 42(1), pages 5-23, Spring.
    • Handle: RePEc:rre:publsh:v:42:y:2012:i:1:p:5-23
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    References listed on IDEAS

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    Cited by:

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    2. Court, Christa Dean & Jackson, Randall W. & White, Nancy, 2012. "The Role of Regional Science in Shale Energy Development," The Review of Regional Studies, Southern Regional Science Association, vol. 42(2), pages 99-105, Summer.
    3. Christa D. Court & Elham Erfanian, 2019. "A Role for Regional Science in Analyzing Water Issues," Working Papers Research Paper 2019-04, Regional Research Institute, West Virginia University.

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    More about this item

    Keywords

    economic development; industry location; incentives;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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