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Innovation, Dynamic Regions and Regional Dynamics

In: New Directions in Regional Economic Development

Author

Listed:
  • Charlie Karlsson

    (Jönköping University)

  • Åke E. Andersson

    (Jönköping University)

  • Paul Cheshire

    (London School of Economics)

  • R. R. Stough

    (George Mason University)

Abstract

The development of economic theory after World War II has focused on clarifying the necessary and sufficient conditions for the existence of an idealized general equilibrium. Debreu (1956), Arrow and Hahn (1971), and Scarf and Hansen (1973) established these conditions, building on earlier attempts by Cassel (1917) and Wald (1933–34, 1934–35). A key assumption in the formulation and proofs of the existence of a general equilibrium of a competitive economy is a large (or even infinite) number of buyers and sellers (Aumann 1964), which ensures anonymous markets and mutual independence of agents. Another assumption is the convexity of preference and production technology sets (Uzawa 1962). A third assumption is flexible pricing of goods and production factors.

Suggested Citation

  • Charlie Karlsson & Åke E. Andersson & Paul Cheshire & R. R. Stough, 2009. "Innovation, Dynamic Regions and Regional Dynamics," Advances in Spatial Science, in: Charlie Karlsson & Ake E. Andersson & Paul C. Cheshire & Roger R. Stough (ed.), New Directions in Regional Economic Development, chapter 0, pages 1-33, Springer.
    • Handle: RePEc:spr:adspcp:978-3-642-01017-0_1
    DOI: 10.1007/978-3-642-01017-0_1
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    Cited by:

    1. Karlsson, Charlie & Johansson, Börje, 2006. "Regional Development and Knowledge," Working Paper Series in Economics and Institutions of Innovation 76, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    2. Manuela Korber & Manfred Paier, 2014. "R&D networks and regional knowledge production: an agent-based simulation of the Austrian competence centres programme," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 264-275.

    More about this item

    Keywords

    Process Innovation; Product Innovation; Technological Knowledge; Urban Region; Market Potential;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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