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Introduction: Endogenous Regional Growth and Policies

In: Theories of Endogenous Regional Growth

Author

Listed:
  • Charlie Karlsson

    (Jönköping International Business School)

  • Börje Johansson

    (Jönköping International Business School)

  • Roger Stough

    (George Mason University)

Abstract

A rich literature has grown up around the concept of the rise in the importance of regions in the global economic system. According to this view global trade has the form of interaction between functional regions, rather than between countries. As this vision has evolved, empirical observations suggest that global and national economic change should be understood as a process, which is dependent on local dynamics operating on the regional level. Perceptions and models of such change can be underpinned with various theoretical perspectives generally referred to as the new endogenous growth theory. The term endogenous implies that economic growth is influenced by the use of “investment resources” generated by the economy itself — in contradistinction to the reference made to exogenous factors in the Solow type growth models.

Suggested Citation

  • Charlie Karlsson & Börje Johansson & Roger Stough, 2001. "Introduction: Endogenous Regional Growth and Policies," Advances in Spatial Science, in: Börje Johansson & Charlie Karlsson & Roger R. Stough (ed.), Theories of Endogenous Regional Growth, chapter 1, pages 3-13, Springer.
    • Handle: RePEc:spr:adspcp:978-3-642-59570-7_1
    DOI: 10.1007/978-3-642-59570-7_1
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    Cited by:

    1. Gömleksiz, Mustafa & Özsahin, Serife, . "The Regional Dynamics of Economic Growth: Evidence from GMM Estimation in Turkey," Asian Journal of Applied Economics, Kasetsart University, Center for Applied Economics Research, vol. 26(1).

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