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Endogenous Growth Theory and the Role of Institutions in Regional Economic Development

  • Roger R. Stough
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

Regional economic development involves a wide array of factors whose importance varies across regions and time. Thus, an economy that is resource dependent will have different defining characteristics than one that is service based. Likewise, an economy embedded in a transition to a knowledge based structure will exhibit different attributes than at an earlier time when it was manufacturing based. This understanding is not new. However, two types of factors are essential to the understanding of regional economic systems: endogenous and exogenous. In all regional economic systems these factors are entwined and intermingled, and functionally inseparable.

Keywords

Resource Endowment Regional Economic Development Endogenous Growth Theory National Capital Region Endogenous Regional Growth 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin · Heidelberg 2001

Authors and Affiliations

  • Roger R. Stough
    • 1
  1. 1.The Institute of Public Policy, The Mason Enterprise Center for Regional Analyis and Entrepreneurship, and The Transport Policy and Logistics CenterGeorge Mason UniversityFairfaxUSA

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