On the supply-side of determinants of regional growth
McCann, P. (2006). On the supply-side of determinants of regional growth. Construction Management and Economics, 24(7), 681-693.
Permanent Research Commons link: http://hdl.handle.net/10289/1880
The major developments in thought regarding regional economic growth and development are traced over the last two decades. The supply-side micro-foundations of regional growth have come under scrutiny in a manner which has previously not been evident. In particular, an examination of the elements of industrial clustering, regional industrial structure, and place characteristics which may promote innovation, have become a central focus of modern regional growth analysis. The micro-foundations of these arguments are analysed, and the links between innovation and clustering explored within a transactions-costs framework. This allows us to point to areas in which our understanding has grown over recent years, and to identify further areas of analysis which are required.
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