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Import Substitution and Local Economic Development

Author

Listed:
  • Joseph Persky

    (University of Illinois at Chicago)

  • David Ranney

    (University of Illinois at Chicago)

  • Wim Wiewel

    (University of Illinois at Chicago)

Abstract

Import substitution deserves more consideration as a theoretical basis for local economic development policies. Its role in promoting local growth is theoretically well-founded. Less clear is the extent to which public policies can promote it. In order to facilitate experimentation, the article discusses several examples of analyses and programs that can be used to select target industries for import substitution policies. One approach uses changes in location quotients to identify potential targets; another approach focuses on the potential impact of redirecting purchases by local governments to targeted industries.

Suggested Citation

  • Joseph Persky & David Ranney & Wim Wiewel, 1993. "Import Substitution and Local Economic Development," Economic Development Quarterly, , vol. 7(1), pages 18-29, February.
    • Handle: RePEc:sae:ecdequ:v:7:y:1993:i:1:p:18-29
    DOI: 10.1177/089124249300700103
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    Citations

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    Cited by:

    1. Marla Nelson, 2009. "Are Hospitals an Export Industry?," Economic Development Quarterly, , vol. 23(3), pages 242-253, August.
    2. David Grover, 2006. "Would Local Currencies Make a Good Local Economic Development Policy Tool? The Case of Ithaca Hours," Environment and Planning C, , vol. 24(5), pages 719-737, October.
    3. Watson, Philip & Cooke, Stephen & Kay, David & Alward, Greg & Morales, Alfonso, 2017. "A Method for Evaluating the Economic Contribution of a Local Food System," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 42(2), May.
    4. C C Williams, 1996. "Understanding the Role of Consumer Services in Local Economic Development: Some Evidence from the Fens," Environment and Planning A, , vol. 28(3), pages 555-571, March.
    5. Ted Rutland & Sean O'Hagan, 2007. "The Growing Localness of the Canadian City, or, On the Continued (Ir)relevance of Economic Base Theory," Local Economy, London South Bank University, vol. 22(2), pages 163-185, May.
    6. Igor Grebenkin & Igor Botkin, 2016. "The Impact of Imports on the Dynamics of the Regional Manufacturing Industry Development," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 703-713.
    7. V.Yu. Chernova & Z.G. Golodova & E.A. Degtereva & A.M. Zobov & V.S. Starostin, 2018. "Transregional Coordination of Modernization Processes in Implementation of Import-substituting Policy in Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 887-898.
    8. Colin C. Williams, 1994. "Rethinking the Role of the Service Sector in Local Economic Revitalisation," Local Economy, London South Bank University, vol. 9(1), pages 73-82, May.
    9. Susana Martín Belmonte & Jordi Puig & Mercè Roca & Marta Segura, 2021. "Crisis Mitigation through Cash Assistance to Increase Local Consumption Levels—A Case Study of a Bimonetary System in Barcelona, Spain," JRFM, MDPI, vol. 14(9), pages 1-17, September.
    10. Victoria Morckel & Kathryn Colasanti, 2018. "Can Farmers’ Markets in Shrinking Cities Contribute to Economic Development? A Case Study from Flint, Michigan," Sustainability, MDPI, vol. 10(6), pages 1-15, May.
    11. Jason Winfree & Philip Watson, 2021. "Buy Local and Social Interaction," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(4), pages 1454-1477, August.

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