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Structural Change and Economic Policy in a Declining Metropolitan Region: Implications of the Pittsburgh Experience

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  • Frank Giarratani

    (Department of Economics, University of Pittsburgh, Pittsburgh, PA 15260)

  • David B. Houston

    (Department of Economics, University of Pittsburgh, Pittsburgh, PA 15260)

Abstract

Public-private partnerships can play a valuable role in regional economic policy, but the nature and effectiveness of such alliances depends on the type of problems faced by a region. In the context of decline, partnerships may be oriented to economic renewal and the regeneration of lost economic rents. These objectives may be served while the opportunity costs of policy actions are ignored, and when growth prospects are poor, the risk is ever present that unintended and costly changes in the spatial distribution of activity within a region may occur as a result of government policy actions. Regional policy in the context of decline must focus also on the problems associated with economic adjustment, and partnerships seem ill suited to give full consideration to such objectives.

Suggested Citation

  • Frank Giarratani & David B. Houston, 1989. "Structural Change and Economic Policy in a Declining Metropolitan Region: Implications of the Pittsburgh Experience," Urban Studies, Urban Studies Journal Limited, vol. 26(6), pages 549-558, December.
    • Handle: RePEc:sae:urbstu:v:26:y:1989:i:6:p:549-558
    DOI: 10.1080/00420988920080661
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    References listed on IDEAS

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    1. Karlson, Stephen H, 1983. "Modeling Location and Production: An Application to U.S. Fully-Integrated Steel Plants," The Review of Economics and Statistics, MIT Press, vol. 65(1), pages 41-50, February.
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    Cited by:

    1. Danny Mackinnon & Stuart Dawley & Andy Pike & Andrew Cumbers, 2018. "Rethinking Path Creation: A Geographical Political Economy Approach," Papers in Evolutionary Economic Geography (PEEG) 1825, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jun 2018.

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