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This paper constructs a regional dynamic macroeconomic model with an eclectic, broadly Keynesian and behavioural flavour. The model, which is parameterized on Scottish data, is used to identify the impact of expectations and business confidence on regional resilience. Simulations compare the evolution of the regional economy after a temporary negative export shock under a range of investment functions. The mainstream perfect foresight formulation generates a reduction in activity, which is small and is limited to the duration of the shock. The heuristic-based, imperfect-information investment models produce more negative, longer-lasting and unstable adjustment paths. [ABSTRACT FROM AUTHOR]

While much scholarly attention has been paid to ways in which metropolitan areas are politically structured and operated to achieve a dual goal, economic growth, and equality, relatively less is known about the complex relationship between metropolitan governance structures and growth–inequality dynamics. This study investigates how and to what extent metropolitan governance structures shape regional economic growth and inequality trajectories using data for 267 US metropolitan areas from 1990 to 2010. Findings from a two-stage least squares regression analysis suggest that economic growth is associated with governance structures in a nonlinear fashion, with relatively more rapid growth rates in both highly centralized and decentralized metropolitan areas. However, these regions are also found to experience a larger increase in income inequality, indicating an important trade-off to be considered carefully in exploring ways to reform existing governance settings. These findings further suggest that the so-called growth–inequality trade-off may exist not only in their direct interactions but through their connections via governance or other variables. [ABSTRACT FROM AUTHOR]

This study computes the Discomfort Index, also known as the Misery Index, for 276 European Union NUTS2 regions to determine how “suffering” a region is or not before and after the global crisis. The geographical distribution of European Union regions according to their discomfort has deeply changed in the post-financial crisis years. [ABSTRACT FROM AUTHOR]

This study analyses the gaps in financial centres' competitiveness and their impact on regional economic convergence in 23 European Union Member States during the period of the Global Financial Crisis. In particular, we explore the economic convergence and divergence patterns among regions from two different perspectives across the selected European Union Member States and within each country. From a methodological viewpoint, we apply a fully non-parametric framework to the club convergence model and address the endogeneity problem between financial centres' competitiveness and regional economic convergence. Our results show that the large and internationally-oriented financial centres experienced a diverging trend in terms of the competitiveness of financial centres' business environment during the peak of the crisis. We also find evidence that the convergence of financial centres reduces regional economic inequalities between the regions where financial centres are located. In contrast, the increase in the competitiveness of financial centres only serves to widen existing inequalities at the national level. Finally, we examine and discuss the impact of competitiveness drivers of financial centres on the convergence pattern of European Union regions. [ABSTRACT FROM AUTHOR]

In recent years, increased attention has been given to role of inter-organisational knowledge networks in promoting regional economic growth. Nevertheless, the empirical evidence base concerning the extent to which inter-organisational knowledge networks influence regional growth is at best patchy. This article utilises a panel data regression approach to undertake an empirical analysis of economic growth across regions of the UK. Drawing on the concept of network capital, significant differences in the stocks of network capital and flows of knowledge within and across regions are found, which are significantly associated with regional rates of economic growth. The analysis finds that both inter and intra-regional networks shape regional growth processes, highlighting the role of both embedded localised linkages and the importance of accessing more geographically distant knowledge. The study adds weight to the suggestion that one of the most interesting implications of endogenous growth theory relates to the impact of the spatial organisation of regions on flows of knowledge. It is concluded that the adoption of a relational approach to understanding differing economic geographies indicates that network systems are a key component of the regional development mix. [ABSTRACT FROM AUTHOR]

The term ‘financialisation’ has now entered the lexicon of academics and policy makers, though there is still no agreement on its meaning and significance. One of the earlier definitions was in relation to the growing weight of financial motives, financial actors and markets in the operation of modern economies, both at the national and international level, from the early 1980s until today. Building on this definition, this paper sheds further light on the implications of spatial financialisation, which has been associated with the over and under-extension of credit across and within countries and evolving financial instability. The paper’s primary contribution is to extend in a robust manner a powerful panel data convergence testing methodology to analyse the spatial scale and temporal evolution of Italian regional lending conditions. The paper concludes that financial divergence has broadly increased in Italian regions. Furthermore, we are able to link regional financialisation to the growing north–south divide in a significant and meaningful way. As a result, the ability of southern regions in Italy to absorb adverse macroeconomic and financial shocks has been weakened. Relevant regional financial policies have thereby become very important. [ABSTRACT FROM AUTHOR]

Since the occupation and annexation of East Jerusalem in 1967, state-endorsed planning policies of restriction and demolition have had a profound oppressive effect on Palestinian urban development and political activity in the city. While the effects of this oppression have been widely discussed, this paper offers a closer look at 'groundlevel' planning processes. The analysis of independent local zoning plans submitted by Palestinians to legalize and expand their houses reveals a wider range of activity, negotiations, and inconsistencies. I argue that the practice of the independent plans, as small-scale yet unmediated acts operating from within the institutional planning system, presents a form of encroachment on the bureaucratic apparatus. While the 'spotzoning' amendment to the planning and building law originally resulted from pressures to promote free-market logic in urban planning practices, it unwittingly opened up the possibility for excluded and subordinated residents to pursue a new course of action. Thus, the concurrent tendencies of the Israeli planning system towards ethnonational goals, rational-comprehensive planning episteme, and the neoliberal logic have led to unexpected, at times contradictory, results. I claim that by dwelling on the inherent tensions between these tendencies, the independent plans work towards transforming the urban context into an arena for negotiating rights and positing demands that cannot be articulated in the political sphere. [ABSTRACT FROM AUTHOR]

While there is typically a strong correlation between air traffic and economic growth, the direction of causation between the two is not clear. To address the existence of causality in this paper we consider the nature of this relationship in different types of regions. The empirical analysis is based on European-level annual data from eighty-six regions and thirteen countries on air traffic and regional economic performance in the period 1991 to 2010. Granger noncausality analysis in a panel framework, which allows possible heterogeneity between regions, was used. The results suggest that the causality processes are homogenous from regional growth to air traffic. There is causality from air traffic to regional growth in peripheral regions, but this causality is less evident in core regions. Thus, air transportation plays a crucial role in boosting development in remote regions. There might, therefore, be a case for subsidizing local airports in these regions. [ABSTRACT FROM AUTHOR]

One consequence of the economic downturn and pressure for public sector reform is a renewed focus upon private sector engagement (PSE) within subnational economic governance. Yet past attempts to promote PSE within urban and regional development policy and governance have been routinely characterised by the partial and uneven involvement of business interests. Adopting a strategic-relational approach, and building upon insights from the developing literature on business-society relations, this paper critically examines how PSE unfolded in a specifi c spatial and temporal context, through empirical investigation of the evolution of the City Growth Strategy as realised within two areas in London. This analysis explores the diff erence between policy script and business performance and identifi es key dimensions of material self-interest, nonmarketbased rationales, and divergent private/public discourses as critical to the selective nature of emergent PSE strategies and tactics. Critically, these issues remain largely unaddressed within current moves to put in place a private sector led subnational agenda, with clear consequences for understanding its likely impact across diff erentially constituted urban and regional contexts. [ABSTRACT FROM AUTHOR]

This paper explores the utility of investigating regional economic policy (REP) as constituted through the interplay of imaginaries, political projects, and institutional arrangements. It frames REP in process terms-as continually 'in-the-making' and emerging out of the intersecting trajectories of ideas, policy, individuals, and other resources. The empirical focus is economic governance in Auckland, New Zealand, in the years following the widely publicised neoliberal reforms and profound economic restructuring of the l980s and early l990s. The analysis draws on the authors' particular positionality of being involved in knowledge production, both in academic and in policy arenas, and benefits from the development of a range of poststructural political economy methodologies by Auckland-based researchers. The concept of 'political project' is argued to be a useful analytical tool for linking circulating academic imaginaries, political initiatives, and particular policy rationales. By means of juxtaposing key aspects of particular economic imaginaries with political! policy initiatives and developments, it is shown that knowledge production for subnational economic governance is coconstitutive, contradictory, occurs on multiple geographical scales, and is mediated and remediated by place-specific and time-specific institutional actors. The methodological strategy of highlighting associations with the potential for interaction, rather than seeking causal processes, not only reveals the politicised nature of contextual facets of contemporary interventions, but promises to make a richer base for exploring possibilities for acting differently in urban and regional policy worlds. [ABSTRACT FROM AUTHOR]

Much of the recent worldwide trend towards devolution has been driven by the belief that fiscal decentralisation is likely to have a positive effect on government efficiency and economic growth. It is generally assumed that the transfer of powers and resources to lower tiers of government allows for a better matching of public policies to local needs and thus for a better allocation of resources. These factors, in turn, are expected to lead to an improvement in regional economic performance, if subnational authorities shift resources from current to capital expenditures in search of a better response to local needs. In this paper we test these assumptions empirically by analysing the evolution of subnational expenditure categories and regional growth in Germany, India, Mexico, Spain, and the USA. We find that, contrary to expectations, decentralisation has coincided in the sample countries with a relative increase in current expenditures at the expense of capital expenditures, which has been associated with lower levels of economic growth in countries where devolution has been driven from above (India and Mexico), but not in Spain, where it has been driven from below. We hypothesise that the differences in legitimacy between the central or federal government and subnational governments in top-down and bottom-up processes of devolution may be at the origin of the diverse capacity to deliver greater allocative and productive efficiency and, eventually, greater economic growth by devolved governments. [ABSTRACT FROM AUTHOR]

A good deal of research within the cultural turn in economic geography has sought to understand the relationship between economic activity and regional culture. This work encompasses an increasingly heterodox set of approaches to regional economic activity, from innovation studies to processes of embedding to accounts of regional learning and clustering, and an increasingly broad set of empirical cases through which these issues are regularly discussed. Only recently has the literature had much to say about the relationship between scientific knowledge and regional culture, however, or about the empirical experience of non-Western regional economic activity and forms of innovation within this. This paper seeks to further develop these two recent strands by bringing them together. Firstly it transposes the study of high-technology regional cultures to a developing world and socialist country context. I examine, as a case study, Cuba's Science Pole, a biomedical growth pole on the outskirts of Havana comprising some forty-two interlinked institutions and 14000 scientists. I show how a space for biotechnology was created and maintained outside of the capitalist milieu with which the industry has come to be associated in the West. More specifically, I reveal how the formal demands made by the Cuban state of this biotechnology endeavour paradoxically encouraged the development of a suite of informal and innovative scientific practices. To account for how this very different approach nevertheless resulted in a similar 'regional culture' of innovation to that found in high-technology regions in the West, I suggest we need to consider not just the structural components of regional cultures (labour mobility, attitudes to risk, etc) but also the forms of rationality that underpin such factors themselves. In order to do this I turn to some of the insights of the science-studies literature as to the epistemological foundations of processes of innovation and knowledge production, to argue that regional cultures of innovation are never just economic spaces, they arc also epistemic spaces. [ABSTRACT FROM AUTHOR]

This paper uses the location quotient, a common measurement from economic geography and regional economics, to capture the specialization of criminal activity in Vancouver, Canada. Location quotients have barely been introduced into criminological research, yet they provide additional insight into crime analysis not available using crime counts and crime rates. The location quotients for automotive theft, break and enter, and violent crimes are mapped for Vancouver, Canada, and tested using social disorganization and routine activity theory as a theoretical framework. Strong support is found for these theories to predict specialization in criminal activity by interpreting their expectations in the context of crime-specific attractors. [ABSTRACT FROM AUTHOR]

Although recognition of the significance of gender divisions continues to transform economic geography, the discipline nevertheless remains highly uneven in its degree of engagement with gender as a legitimate focus of analysis. In particular, although social institutions are now widely regarded as key determinants of economic success, the regional learning and innovation literature remains largely gender blind, simultaneously subordinating the female worker voice and making invisible distinctively gendered patterns of work in the face of an increasingly feminised labour force. Focusing on the industrial agglomeration of information and communication technology firms in Cambridge, England, we first outline the nature of the inequalities in patterns of work and social interaction among female versus male employees within Cambridge's high-tech regional economy. Second, we demonstrate how these inequalities in turn constrain female employees' abilities to contribute to key processes widely theorised to underpin firms' innovative capacities and economic competitiveness. Specifically, these self-identified constraints centre on female workers' abilities to: (a) act as agents of information and knowledge diffusion between firms; and (b) use new information and knowledge once they enter the firm. Overall, our results suggest that gender issues of social equity at the level of the individual worker need to be explicitly integrated with issues of economic competitiveness at the levels of the firm and the region. This is a case not simply of female employees being socially excluded at work, but of their simultaneous exclusion from key elements of firms' productive processes. [ABSTRACT FROM AUTHOR]

The regional-growth literature emphasises the importance of positive network externalities as determinants of the long-run competitiveness of region, highlighting their role in reducing spatial transaction costs and facilitating collective learning and innovation. In this paper we contribute to this literature by presenting new evidence from a firm-based survey within three Turkish industrial centres about the causes of differentiated network activity. Using multivariate analysis, we show that locational rather than sectoral differences explain local-linkage intensities, but this is not the case for global links. Second, there is an important relationship between firm size and local-linkage and global-linkage densities; the density of local networks decreases with increasing firm size, whereas the density of global networks increases with firm size. Third, there is a positive relation between global-network density and firm productivity. We argue that the comparative and quantitative analysis we employ is a useful adjunct to case-study analysis, which could help avoid misconceptions and lead to a more realistic theory. [ABSTRACT FROM AUTHOR]

Geographers have a keen interest in innovation because of its connection to regional economic advantage. We argue that, to date, understandings of innovation are predominantly technological and product driven and defined in universal terms such that the nature of innovation is stripped of its contextual influence and is overly masculinist. Through combined analysis of interview material from two complementary studies on the gendering of entrepreneurship based in the United States, this paper challenges current conceptualisations of innovation within geography. We show how the context, both social and geographical, of an innovation is elementary to its identification as innovative. Moreover, we reveal some of the many instances of innovation that occur in economic sectors and by agents that are typically ignored or undervalued by current research and by policy. Our analysis challenges researchers and policy-makers to expand their concepts of regional and urban development beyond those processes associated with technologically defined and growth-oriented originality, such that notions of local development may enhance the social well-being of places and be more gender inclusive. [ABSTRACT FROM AUTHOR]

Agglomeration offers both static, cost-based advantages and dynamic, innovation-related benefits to participating firms. These ideas have informed regional development policy from the growth poles/centres of the 1950/1960s to the contemporary focus on clusters. Although such policies imply the theoretical prospect of regional diversification by exploiting supply-chain and information-based/knowledge-based relationships, in practice they tend to promote regional specialisation. The experiences of many old industrial areas emphasise the risks of specialisation as advantages mutate into liabilities (territorial lock-in). These experiences are ignored in much of the clusters discourse which often lacks historical perspective. This paper provides such perspective by reflecting upon the relationships between the dynamics of industry evolution, agglomeration, and regional development policy with reference to the chemical industry on Teesside in North East England. [ABSTRACT FROM AUTHOR]

The author reflects upon regional economic change and the ways in which this is conceptualised and understood, drawing heavily but not exclusively on some thirty years of research on economy, politics and society in the North East of England. The principal question that this paper addresses is: how are the long periods of continuity, punctuated by occasional major shifts in developmental trajectory and the region's place in the global economy, to be understood? The author seeks to answer this question by exploring the extent to which continuity and change in the region's developmental trajectory can be understood in terms of evolutionary and institutional concepts and the varying engagement of the state with issues of socioeconomic development and change. The value of theoretical plurality in seeking to understand uneven development in capitalism is demonstrated and the limits to public policies that seek to address regional problems indicated. [ABSTRACT FROM AUTHOR]

Comments on the popularity of restructuring in the regional economics in Europe and Asia. Relevance of economic geography in understanding the concept and process of restructuring; Pros and cons of restructuring; Definition of functional lock-in; Reason behind the popularity of restructuring in Asia.

The recent devolutionary trend across the word has been in part fuelled by claims of a supposed ‘economic dividend’ associated with the decentralization of authority and resources. The capacity of devolved administrations with greater autonomous powers to tailor policies to local preferences, to generate innovation in the provision of policies and public services, and to encourage greater participation and be more accountable is supposed to deliver greater economic efficiency. There is, however, little empirical evidence to substantiate these claims. In this paper we assess the horizontal link between devolution and regional economic growth in six national contexts (Germany, India, Italy, Mexico, Spain, and the USA). Regression analyses are used in order to test whether changes in cross-regional differences in growth patterns within each country can be attributed to changes in levels of regional autonomy. The results suggest that, contrary to the expectations of devolutionists, the degree of devolution is in most cases irrelevant for economic growth and, when it matters—as in the cases of Mexico and the USA—it is linked to lower rather than greater economic efficiency. [ABSTRACT FROM AUTHOR]

Unlike traditional impact analysis, that measures the influence of a sector, or a set of like sectors, on the overall economy, we present in this note a simple reverse procedure that attempts to quantify the impact of activity changes in the overall regional economy over a specific subset of firms. We apply the procedure to a specific enclave of the chemical and basic industry sectors, which has been and still is of special significance for the development of the region. Because we feel that interdependency effects should be adequately captured, we rely on a 1995 regional social accounting matrix (SAM) of Andalusia, Spain, to establish the empirical structural support for the analysis. We proceed by setting up a linear SAM model to obtain extended multipliers, then we decompose them in three categories of effects (direct, indirect, and induced) under different hypotheses about the classification of endogenous and exogenous sectors. The decomposed multipliers are then apportioned to measure and distinguish the effects on the economic enclave. The results are seen to be quite robust to the exogeneity assumptions. [ABSTRACT FROM AUTHOR]

Presents a study that examined the evolution of Italy's territorial inequalities from 1952 to 1996 and the implications for the utility of theories of convergence and divergence. Information on the trends in regional development; Details of the territorial inequality in the mid-1990s; Discussion of the productive performance of Italian regional economies.

Part II. Presents information on a study which attempted to produce a theoretically informed econometric analysis of dynamic regional economic performance. Methodology of the study; Results and discussion on the study; Conclusions.

Examines the net entry rates of manufacturing establishments across Greek regions by means of both an appropriately modified conventional shift-share method and a linear-model variant. Accounting for a net entry of establishments by using a modified shift-share model; Shift-share analysis as a linear model; Net entry by establishments of varying size at the regional level.

Presents information on a study which used adjustment models to analyze population and employment changes in regional economies. Main focus of the study; Review of theories; Methodology; Conclusion.

Presents a rural-urban dynamics model as an organizing concept to analyze the regional economic structures of the Kutus Region of Kenya and the Ambrosita Region of Madagascar. Explanation of rural-urban dynamics model; Information on the agricultural system of both regions; Conclusion.

Clarifies the role of proximity and distance in economic development processes. Paradigm of R2 space; Territory as a socioeconomic construct; Definition of the concept of territory; Denied space or confiscation of the economic approach.