Agglomeration and regional growth policy: externalities versus comparative advantages
Auteur(s) et Affiliation(s)
PESSOA, A.
CEF.UP and NIFIP, Faculdade de Economia, Univ., Porto, Portugal
Description :
This paper explores the existence of different types of static and dynamic externalities and shows the relationship between externalities, interregional trade, and cluster policy. First, it contributes to a better characterization of dynamic externalities by extending the “advantages of backwardness” approach, formerly developed to explain the catching-up of national economies, to the regional conecontext. Second, it presents a new model that relates static and dynamic externalities to the clustering mode of production in the regional context. Third, the paper contributes to give a more accurate theoretic basis to the regional cluster policy and to help policy-makers in choosing the right policy for increasing the well-being of depressed regions. The major conclusion is that policy must pursue a combination of the comparative advantage principle with one type of dynamic externalities un-covered in this paper: the “related variety benefits” of agglomeration.
Type de document :
Article de périodique
Source :
The Annals of regional science, issn : 0570-1864, 2014, vol. 53, n°. 1, p. 1-27, nombre de pages : 27, Références bibliographiques : 128 ref.
Date :
2014
Editeur :
Pays édition : Allemagne, Berlin, Springer
Langue :
Anglais
Anglais
Droits :
Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI)
Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI)