This book discusses "traditional features" of regional science, and topics such as innovation and agglomeration economies. It demonstrates that, contrary to recent assertions, both geography and institutions (or culture) are relevant for local development.

The book aims to present traditional features of regional science (as geographical concepts and institutions), as well as relatively new topics such as innovation and agglomeration economies. In particular it demonstrates that, contrary to what has been argued by recent economics literature, both geography and institutions (or culture) are relevant for local development. In fact, these phenomena, along with the movement of goods and workers, are among the main reasons for persisting development differentials. These intriguing relationships are at the heart of the analysis presented in this book and form the conceptual basis for a promising institutional approach to economic geography.

The book offers an explicit analysis of the role of geography and institutions for local development It offers a significant coverage of EU countries and emerging economies Agglomeration economies and innovation are explicitly linked to immeterial (human-related) factors Includes supplementary material: sn.pub/extras

Autorentext

Dr Riccardo Crescenzi is Programme Director of the MSc in Local Economic Development and Lecturer in Economic Geography at the Department of Geography and Environment at the London School of Economics. He is also affiliated to the LSE Spatial Economics Research Centre. Before joining the LSE, Dr Crescenzi was a Jean Monnet Fellow at the European University Institute (Florence). He was also a visiting scholar at the LSE and University of California, Los Angeles (UCLA). His research is focused on regional economic development and growth, innovation and EU development policies analysis. He has published in international journals, such as Growth and Change, Regional Studies, The Journal of Economic Geography and The World Economy. His teaching focuses on the economics of local and regional development.

Dr Marco Percoco is Assistant Professor in Urban, Regional and Transport Economics at the Department of Institutional Analysis and Public Management at Università Bocconi in Milan. He is also Deputy director for International Relations of the Centre for Regional Economics, Transport and Tourism (CERTET) at the same university. Dr Percoco serves in the board of the Italian Regional Science Association and in SR-Italian Journal of Regional Science. His research forcus on local development and transport economics.

Klappentext
The book brings together contributions by scholars from several countries and different sister disciplines (Economic Geography, Urban and Regional Economics, Innovation Studies) with different approaches to the same crucial issue: how geography, culture and institutions influence regional economic performance. It includes a number of relevant insights into these complex relations covering different-though complementary-streams of literature in order to emphasize their points of contact and areas of consensus (or disagreement).The role of institutional and cultural factors in shaping regional economic dynamics is analysed together with the impact of clusters, accessibility, urbanization processes and localised inter-firm linkages. The dynamic interactions of economic agents across space are also explored in depth by analysing the geography of trade flows, labour and capital mobility. Empirical analyses cover the whole European Union with some chapters focused on specific European countries but also on non-European and emerging economies.The book effectively demonstrates that regional development is a complex and multifaceted phenomenon, the in-depth understanding of which calls for the simultaneous consideration of a variety of phenomena and the structural characteristics of places and agents. The understanding of regional economic performance hence calls for an explicit consideration of both hard and soft factors of development, especially in terms of geography, culture and institutions.

Inhalt

Space, Growth and Development.- Institutions and Culture.- Agglomeration Economies, the Location of Economic Activities and Innovation.- Geography in Motion: Trade, FDI and Migrations.