Abstract
While great differences exist in the economic fortunes of different nations, the variations between regions within a nation can also be considerable. The study of regional development seeks to find the causes of these differences. The success of the Silicon Valley region in the technology industry has, in particular, attracted attention in the academic, business and policy worlds. Research has uncovered natural advantages, human capital, social capital, agglomeration economies and government as causal factors in explaining regional differences. These factors are interdependent, and often have strongly complementary effects.
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Samila, S. (2018). Regional Development. In: Augier, M., Teece, D.J. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-00772-8_439
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DOI: https://doi.org/10.1057/978-1-137-00772-8_439
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