IDEAS home Printed from https://ideas.repec.org/a/sae/inrsre/v41y2018i2p210-232.html
   My bibliography  Save this article

Demographic Decline, Population Aging, and Modern Financial Approaches to Urban Policy

Author

Listed:
  • Gianni Carbonaro
  • Eugenio Leanza
  • Philip McCann
  • Francesca Medda

Abstract

This article discusses the interaction between demographic aging, population decline, and various aspects of the local development challenges facing public authorities. In particular, this article examines some of the financial issues arising from population aging and decline and the ways in which new approaches to public finance are being used in support of European Union regional and urban policy. In this context, it is argued that a comprehensive portfolio investment approach has the potential to significantly improve policy effectiveness.

Suggested Citation

  • Gianni Carbonaro & Eugenio Leanza & Philip McCann & Francesca Medda, 2018. "Demographic Decline, Population Aging, and Modern Financial Approaches to Urban Policy," International Regional Science Review, , vol. 41(2), pages 210-232, March.
    • Handle: RePEc:sae:inrsre:v:41:y:2018:i:2:p:210-232
    DOI: 10.1177/0160017616675916
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0160017616675916
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0160017616675916?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Fabrizio Barca & Philip McCann & Andrés Rodríguez‐Pose, 2012. "The Case For Regional Development Intervention: Place‐Based Versus Place‐Neutral Approaches," Journal of Regional Science, Wiley Blackwell, vol. 52(1), pages 134-152, February.
    2. Darja Reuschke & Duncan Maclennan, 2014. "Housing Assets and Small Business Investment: Exploring Links for Theory and Policy," Regional Studies, Taylor & Francis Journals, vol. 48(4), pages 744-757, April.
    3. Clark, Gordon L. & Wojcik, Dariusz, 2007. "The Geography of Finance: Corporate Governance in the Global Marketplace," OUP Catalogue, Oxford University Press, number 9780199213368.
    4. Athena Panayiotou & Francesca Medda, 2014. "Attracting private sector participation in infrastructure investment: the UK case," Public Money & Management, Taylor & Francis Journals, vol. 34(6), pages 425-431, November.
    5. McCann, Philip, 2013. "Modern Urban and Regional Economics," OUP Catalogue, Oxford University Press, edition 2, number 9780199582006.
    6. Alessandra Faggian & Philip McCann & Stephen Sheppard, 2007. "Human Capital, Higher Education and Graduate Migration: An Analysis of Scottish and Welsh Students," Urban Studies, Urban Studies Journal Limited, vol. 44(13), pages 2511-2528, December.
    7. Ian R. Gordon & Philip McCann, 2000. "Industrial Clusters: Complexes, Agglomeration and/or Social Networks?," Urban Studies, Urban Studies Journal Limited, vol. 37(3), pages 513-532, March.
    8. Alessandra Faggian & Philip McCann, 2006. "Human capital flows and regional knowledge assets: a simultaneous equation approach," Oxford Economic Papers, Oxford University Press, vol. 58(3), pages 475-500, July.
    9. Lewis Dijkstra & Enrique Garcilazo & Philip McCann, 2015. "The effects of the global financial crisis on European regions and cities," Journal of Economic Geography, Oxford University Press, vol. 15(5), pages 935-949.
    10. Andrew Henley, 2005. "Job Creation by the Self-employed: The Roles of Entrepreneurial and Financial Capital," Small Business Economics, Springer, vol. 25(2), pages 175-196, September.
    11. Philip McCann, 2015. "The Regional and Urban Policy of the European Union," Books, Edward Elgar Publishing, number 16000.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Luca Salvati, 2021. "Births and the City: Urban Cycles and Increasing Socio‐Spatial Heterogeneity in a Low‐Fertility Context," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 112(2), pages 195-215, April.
    2. Papapetrou, Evangelia & Tsalaporta, Pinelopi, 2020. "The impact of population aging in rich countries: What’s the future?," Journal of Policy Modeling, Elsevier, vol. 42(1), pages 77-95.
    3. Rares Halbac-Cotoara-Zamfir & Gianluca Egidi & Enrico Maria Mosconi & Stefano Poponi & Ahmed Alhuseen & Luca Salvati, 2020. "Uncovering Demographic Trends and Recent Urban Expansion in Metropolitan Regions: A Paradigmatic Case Study," Sustainability, MDPI, vol. 12(9), pages 1-15, May.
    4. Jiaxuan E & Bo Xia & Laurie Buys & Tan Yigitcanlar, 2021. "Sustainable Urban Development for Older Australians: Understanding the Formation of Naturally Occurring Retirement Communities in the Greater Brisbane Region," Sustainability, MDPI, vol. 13(17), pages 1-12, September.
    5. Maria Magdalena Bujnowska-Fedak & Łukasz Wysoczański, 2020. "Access to an Electronic Health Record: A Polish National Survey," IJERPH, MDPI, vol. 17(17), pages 1-17, August.
    6. Jesús Rodrigo-Comino & Gianluca Egidi & Adele Sateriano & Stefano Poponi & Enrico Maria Mosconi & Antonio Gimenez Morera, 2021. "Suburban Fertility and Metropolitan Cycles: Insights from European Cities," Sustainability, MDPI, vol. 13(4), pages 1-14, February.
    7. Kostas Rontos & Enrico Maria Mosconi & Mattia Gianvincenzi & Simona Moretti & Luca Salvati, 2023. "Toward a Spatially Segregated Urban Growth? Austerity, Poverty, and the Demographic Decline of Metropolitan Greece," Data, MDPI, vol. 8(3), pages 1-20, March.
    8. Sirio Cividino & Rares Halbac-Cotoara-Zamfir & Luca Salvati, 2020. "Revisiting the “City Life Cycle”: Global Urbanization and Implications for Regional Development," Sustainability, MDPI, vol. 12(3), pages 1-18, February.
    9. Hyoung Jun Kim & Bo Kyeong Lee & So Young Sohn, 2020. "Comparing spatial patterns of sole proprietorship and corporate payday lenders in Seoul, Korea," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 64(1), pages 215-236, February.
    10. Rishworth, Andrea & Elliott, Susan J., 2019. "Global environmental change in an aging world: The role of space, place and scale," Social Science & Medicine, Elsevier, vol. 227(C), pages 128-136.
    11. Andrea Cayumil Fernández & Miguel Quiroga & Iván Araya & Gabriel Pino, 2022. "Can local financial depth and dependence on external funding impact regional creation of new firms in Chile?," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 68(2), pages 387-406, April.
    12. Ruiying Liu, 2022. "Long-Term Development Perspectives in the Slow Crisis of Shrinkage: Strategies of Coping and Exiting," Sustainability, MDPI, vol. 14(16), pages 1-30, August.
    13. Yaojun Zhang & Danlin Yu & Qiao Cen, 2019. "Investigating China's inter-prefecture migration from a place attractivity perspective, its spatial patterns, and demographic characteristics," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 41(34), pages 1007-1020.
    14. Krystian Heffner & Brygida Klemens & Brygida Solga, 2019. "Challenges of Regional Development in the Context of Population Ageing. Analysis Based on the Example of Opolskie Voivodeship," Sustainability, MDPI, vol. 11(19), pages 1-23, September.
    15. Luca Salvati, 2022. "Endogenous Population Dynamics and Metropolitan Cycles: Long-Term Evidence from Athens, an Eternally Mediterranean City," European Journal of Population, Springer;European Association for Population Studies, vol. 38(5), pages 835-860, December.
    16. Anna Wichowska, 2021. "Economic Aspects of Shrinking Cities in Poland in the Context of Regional Sustainable Development," Sustainability, MDPI, vol. 13(6), pages 1-12, March.
    17. Leonardo Salvatore Alaimo & Mariateresa Ciommi & Ioannis Vardopoulos & Bogdana Nosova & Luca Salvati, 2022. "The Medium-Term Impact of the COVID-19 Pandemic on Population Dynamics: The Case of Italy," Sustainability, MDPI, vol. 14(21), pages 1-12, October.
    18. Rares Halbac-Cotoara-Zamfir & Gianluca Egidi & Rosanna Salvia & Luca Salvati & Adele Sateriano & Antonio Gimenez-Morera, 2021. "Recession, Local Fertility, and Urban Sustainability: Results of a Quasi-Experiment in Greece, 1991–2018," Sustainability, MDPI, vol. 13(3), pages 1-18, January.
    19. Gianluca Egidi & Luca Salvati, 2021. "Changes over time in the spatial structure of fertility rates as a dynamic indicator of urban transformations," Quality & Quantity: International Journal of Methodology, Springer, vol. 55(1), pages 151-172, February.
    20. Samaneh Sadat Nickayin & Bogdana Nosova & Rosario Turco & Massimiliano Giacalone & Luca Salvati, 2022. "Demographic Change and the Urban–Rural Divide: Understanding the Role of Density and Agglomeration in Fertility Transitions," Land, MDPI, vol. 11(11), pages 1-16, November.
    21. Rachel S. Franklin, 2021. "The demographic burden of population loss in US cities, 2000–2010," Journal of Geographical Systems, Springer, vol. 23(2), pages 209-230, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Philip McCann, 2017. "Urban futures, population ageing and demographic decline," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(3), pages 543-557.
    2. Paul Hildreth & Maria Hinfelaar, 2023. "Place-making in the Mersey Dee before and after Brexit and COVID-19 disruption: A typology of companies and their engagement with their localities and key actors," Local Economy, London South Bank University, vol. 38(3), pages 282-299, May.
    3. Sébastien BOURDIN, 2018. "Géographie de la résilience des régions européennes face à la crise (2008-2013)," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 48, pages 53-70.
    4. Simona Iammarino & Elisabetta Marinelli & Elisabetta Marinelli, 2011. "Is the Grass Greener on the other Side of the Fence? Graduate Mobility and Job Satisfaction in Italy," Environment and Planning A, , vol. 43(11), pages 2761-2777, November.
    5. Ana Moreno-Monroy, 2012. "Critical Commentary. Informality in Space: Understanding Agglomeration Economies during Economic Development," Urban Studies, Urban Studies Journal Limited, vol. 49(10), pages 2019-2030, August.
    6. Lengyel, Imre & Lengyel, Balázs & Vas, Zsófia & Szakálné Kanó, Izabella, 2016. "Az újraiparosodás térbeli kérdőjelei Magyarországon [Territorial questions of reindustrialization in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 615-646.
    7. Pasquale Pavone & Francesco Pagliacci & Margherita Russo & Anna Giorgi, 2019. "R&I smart specialisation strategies: classification of EU regions’ priorities. Results from automatic text analysis," Department of Economics 0148, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    8. Nicola Cortinovis & Frank Oort, 2015. "Variety, economic growth and knowledge intensity of European regions: a spatial panel analysis," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(1), pages 7-32, October.
    9. Molle Willem, 2014. "Competitiveness, Emu and Cohesion Experiences in the Past (2000–2013); Assessment of the Present (2014–2020) and Lessons for the Future (2020 and Beyond)," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 44(1), pages 39-50, December.
    10. Andrés Rodríguez‐Pose & Vassilis Tselios, 2010. "Returns to migration, education and externalities in the European Union," Papers in Regional Science, Wiley Blackwell, vol. 89(2), pages 411-434, June.
    11. L. Ciucci & C. Detotto & B. Biagi & M. Pulina, 2023. "University study programmes and students dynamics," Working Paper CRENoS 202302, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    12. Kseniia A. Borzykh, 2022. "Влияние Характеристик Региональной Системы Высшего Образования На Послевузовскую Миграцию," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 9, pages 52-62, September.
    13. Bjerke, Lina & Mellander, Charlotta, 2019. "Mover Stayer Winner Loser - A study of income effects from rural migration," Working Paper Series in Economics and Institutions of Innovation 476, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    14. Steven Brakman & Charles van Marrewijk, 2013. "Reflections on cluster policies," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 6(2), pages 217-231.
    15. Elisabetta Marinelli, 2011. "Graduate migration in Italy - Lifestyle or necessity?," ERSA conference papers ersa11p1608, European Regional Science Association.
    16. Lewis Dijkstra & Enrique Garcilazo & Philip McCann, 2013. "The Economic Performance of European Cities and City Regions: Myths and Realities," European Planning Studies, Taylor & Francis Journals, vol. 21(3), pages 334-354, March.
    17. Andrea Ascani & Alessandra Faggian & Sandro Montresor, 2021. "The geography of COVID‐19 and the structure of local economies: The case of Italy," Journal of Regional Science, Wiley Blackwell, vol. 61(2), pages 407-441, March.
    18. Viktor Venhorst & Jouke Van Dijk & Leo Van Wissen, 2011. "An Analysis of Trends in Spatial Mobility of Dutch Graduates," Spatial Economic Analysis, Taylor & Francis Journals, vol. 6(1), pages 57-82.
    19. Andrea Bonaccorsi & Daniele Biancardi & Mabel Sanchez Barrioluengo & Federico Biagi, 2019. "Study on Higher Education Institutions and Local Development," JRC Research Reports JRC117272, Joint Research Centre.
    20. Carmelina Bevilacqua & Ilaria Giada Anversa & Gianmarco Cantafio & Pasquale Pizzimenti, 2019. "Local Clusters as “Building Blocks” for Smart Specialization Strategies: A Dynamic SWOT Analysis Application in the Case of San Diego (US)," Sustainability, MDPI, vol. 11(19), pages 1-25, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:inrsre:v:41:y:2018:i:2:p:210-232. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.