Regional Economics and Policy

by ;
Edition: 3rd
Format: Paperback
Pub. Date: 2000-07-26
Publisher(s): Wiley-Blackwell
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Summary

The revised edition of this classic text contains discussions of the latest theoretical developments in regional economics and reviews recent changes in regional policy and institutions in the European Union. New case study material based on extensive academic research in Europe and the USA has been added throughout the book.This book is organized in two free-standing parts examining firstly the economic analysis of regions and then regional policy issues. Topics covered include multiplier and impact analysis, input-output models, growth theory, migration, regional labor markets, regional policy in the EU, regional devolution, small firms policy, foreign direct investment and a detailed explanation of the methods used to evaluate regional policy. Chapters can be read independently in cases where focused information is required, and the organization of the book makes this a very flexible and effective resource for course use.

Author Biography

Harvey Armstrong is Professor of Economic Geography at Sheffield University. He has previously worked at Loughborough University and Lancaster University and has held a visiting appointment at the University of British Columbia. He has published extensively in the areas of regional policy, European regional disparities, local economic development policy and the economic performance of world micro-states and dependent territories.

Jim Taylor is Professor of Economics at the Lancaster University and has held visiting appointments at the Universities of Pennsylvania, British Columbia and Melbourne. His research includes work on the evaluation of regional policy and on various aspects of education economics. He has published many papers and several books on regional policy and has been the editor of Regional Studies, the journal of the Regional Studies Association.

Table of Contents

Preface to the third edition ix
Part I Regional economics 1(202)
Regional income and employment determination
5(30)
Impact analysis: indirect and induced effects
7(1)
The Keynesian income-expenditure approach
8(7)
Applications of regional multiplier analysis
15(5)
Weaknesses of regional multiplier analysis
20(1)
A multi-region model of income determination
21(6)
Further developments in the economic modelling of regions
27(3)
Regional econometric models
30(3)
Conclusion
33(2)
Further reading
34(1)
The input-output approach to modelling the regional economy
35(29)
The input-output method
37(12)
Regional applications of input-output analysis
49(7)
Some limitations of the input-output approach
56(2)
New developments in regional modelling
58(4)
Conclusion
62(2)
Further reading
63(1)
Regional growth disparities: neoclassical perspectives
64(26)
Regional growth disparities: some facts
66(1)
The neoclassical growth model
66(6)
Identifying the components of economic growth in practice
72(4)
Endogenous technological progress: the engine of growth
76(3)
Technology transfer between regions: catching up with the technology leaders
79(2)
The convergence of regional per capita incomes in practice
81(4)
Extending the neoclassical growth model
85(3)
Conclusion
88(2)
Further reading
89(1)
Export demand models, agglomeration and cumulative growth processes
90(29)
The demand for a region's output: the export-base approach
91(3)
Regional exports and cumulative causation: a model of regional growth
94(7)
A constraint on regional growth: the balance of payments
101(3)
Some alternative explanations of cumulative growth
104(3)
Trade costs, industrial clusters and regional growth
107(2)
Evidence of the economic benefits of industrial agglomeration
109(2)
The spatial concentration of the financial sector in core regions
111(2)
Empirical studies of cumulative growth processes
113(4)
Conclusion
117(2)
Further reading
118(1)
Interregional trade
119(21)
The basis of regional trade specialization
122(9)
More modern theories of regional trade
131(7)
Conclusion
138(2)
Further reading
139(1)
Interregional migration
140(26)
The classical theory of labour migration
141(2)
Interregional migration in Great Britain, 1961-96
143(4)
The determinants of migration: relaxing the assumptions of the classical model
147(6)
Alternatives to the classical theory of migration
153(5)
Migration during periods of recession
158(4)
The effects of migration: Is migration equilibrating?
162(2)
Conclusion
164(2)
Further reading
165(1)
Regional unemployment disparities
166(37)
Regional unemployment disparities: Why do they persist?
168(7)
The causes of unemployment: the conventional approach
175(4)
Estimating the relative importance of the various types of unemployment
179(5)
Empirical studies of regional disparities in unemployment
184(8)
Socio-demographic causes of unemployment: evidence from the UK
192(3)
Hidden unemployment
195(5)
Conclusion
200(3)
Further reading
201(2)
Part II Regional policy 203(199)
The case for regional policy: British experience
205(27)
The case for reducing regional economic disparities
206(3)
Policy action: alternative approaches
209(5)
The historical development of regional policy in Britain
214(11)
Regional policy: economic efficiency or social inclusion?
225(5)
Conclusion
230(2)
Further reading
231(1)
Regional policy instruments
232(31)
Micro-policy instruments and regional policy
234(5)
Controls on businesses: location controls or pro-business measures?
239(2)
Capital subsidies versus labour subsidies
241(13)
Community economic development initiatives
254(7)
Conclusion
261(2)
Further reading
262(1)
Indigenous development: small and medium enterprises and technological progress
263(40)
Regional policy and the SME sector
264(22)
Regional policy and new technology
286(6)
Industrial districts, innovative milieux and `learning regions'
292(8)
Conclusion
300(3)
Further reading
302(1)
Regional policy and the European Union
303(33)
Regional problems in the European Union
304(15)
Regional policy in the European Union
319(5)
Existing EU regional policy
324(10)
Conclusion
334(2)
Further reading
335(1)
Regional policy and devolution
336(26)
The changing system of regional governance
337(4)
The regional implications of centralized control
341(11)
Partial devolution: allocating fiscal policy powers to regional authorities
352(7)
The complete devolution of fiscal, monetary and trade policy powers
359(1)
Conclusion
360(2)
Further reading
361(1)
The evaluation of regional policy
362(40)
The evaluation process
364(4)
Aggregate studies of the effect of regional policy on employment trends in the assisted areas
368(2)
Estimating the effect of regional policy on inward investment into the assisted areas
370(4)
Regional policy and foreign inward investment
374(9)
Surveys of assisted firms
383(5)
Ex ante evaluation of regional incentives using the cost-benefit approach
388(5)
Using large-scale regional models to estimate policy impacts
393(3)
Evaluation of regional development programmes: the EU's Structural Funds
396(4)
Conclusion
400(2)
Further reading
401(1)
References and bibliography 402(27)
Index 429

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