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Local Economic Development Agglomeration Economies And The Big Push
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Book Synopsis Local Economic Development, Agglomeration Economies, and the Big Push by : Patrick M. Kline
Download or read book Local Economic Development, Agglomeration Economies, and the Big Push written by Patrick M. Kline and published by . This book was released on 2013 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the long run effects of one of the most ambitious regional development programs in U.S. history: the Tennessee Valley Authority (TVA). Using as controls authorities that were proposed but never approved by Congress, we find that the TVA led to large gains in agricultural employment that were eventually reversed when the program's subsidies ended. Gains in manufacturing employment, by contrast, continued to intensify well after federal transfers had lapsed -- a pattern consistent with the presence of agglomeration economies in manufacturing. Because manufacturing paid higher wages than agriculture, this shift raised aggregate income in the TVA region for an extended period of time. Economists have long cautioned that the local gains created by place based policies may be offset by losses elsewhere. We develop a structured approach to assessing the TVA's aggregate consequences that is applicable to other place based policies. In our model, the TVA affects the national economy both directly through infrastructure improvements and indirectly through agglomeration economies. The model's estimates suggest that the TVA's direct investments yielded a significant increase in national manufacturing productivity, with benefits exceeding the program's costs. However, the program's indirect effects appear to have been limited: agglomeration gains in the TVA region were offset by losses in the rest of the country. Spillovers in manufacturing appear to be the rare example of a localized market failure that cancels out in the aggregate.
Book Synopsis Theories of Local Economic Development by : Richard D. Bingham
Download or read book Theories of Local Economic Development written by Richard D. Bingham and published by SAGE. This book was released on 1993-08-24 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting state-of-the-art theoretical positions on important development issues such as the inner city, technological innovation and rebuilding economic infrastructure are explored in this volume. The contributors to this volume, drawn from various social science backgrounds, explore a variety of theories and examine them in relation to the practical actions of local economic development.
Book Synopsis Understanding Local Economic Development by : Emil Malizia
Download or read book Understanding Local Economic Development written by Emil Malizia and published by Routledge. This book was released on 2020-10-06 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers insights into the process and the practice of local economic development. Bridging the gap between theory and practice it demonstrates the relevance of theory to inform local strategic planning in the context of widespread disparities in regional economic performance. The book summarizes the core theories of economic development, applies each of these to professional practice, and provides detailed commentary on them. This updated second edition includes more recent contributions - regional innovation, agglomeration and dynamic theories - and presents the major ideas that inform economic development strategic planning, particularly in the United States and Canada. The text offers theoretical insights that help explain why some regions thrive while others languish and why metropolitan economies often rise and fall over time. Without theory, economic developers can only do what is politically feasible. This text, however, provides them with a logical tool for thinking about development and establishing an independent basis from which to build the local consensus needed for evidence-based action undertaken in the public interest. Offering valuable perspectives on both the process and the practice of local and regional economic development, this book will be useful for both current and future economic developers to think more profoundly and confidently about their local economy.
Book Synopsis Agglomeration Economics by : Edward L. Glaeser
Download or read book Agglomeration Economics written by Edward L. Glaeser and published by University of Chicago Press. This book was released on 2010-04-15 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: When firms and people are located near each other in cities and in industrial clusters, they benefit in various ways, including by reducing the costs of exchanging goods and ideas. One might assume that these benefits would become less important as transportation and communication costs fall. Paradoxically, however, cities have become increasingly important, and even within cities industrial clusters remain vital. Agglomeration Economics brings together a group of essays that examine the reasons why economic activity continues to cluster together despite the falling costs of moving goods and transmitting information. The studies cover a wide range of topics and approach the economics of agglomeration from different angles. Together they advance our understanding of agglomeration and its implications for a globalized world.
Book Synopsis An Introduction to Place-Based Development Economics and Policy by : Gilberto Seravalli
Download or read book An Introduction to Place-Based Development Economics and Policy written by Gilberto Seravalli and published by Springer. This book was released on 2015-02-11 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces the reader to local development economics and policy, with a special focus on the place-based paradigm that covers its justification, its difficulties and the types of public intervention that it suggests. The starting point for the analysis is that economic development in lagging places is not to be expected as the result of a mechanism of automatic convergence between backward and advanced regions and that, therefore, the most appropriate development policy is not to maximize competition among all agents in all sectors and places. The failure of the Washington Consensus is examined, and the two competing positions to have emerged from this failure – spatially blind interventions and place-based policies – are contrasted. The main shortcoming of spatially blind policies, namely that immobile resources that could trigger or support a development process often remain untapped or “trapped”, is emphasized. The limitations of the “big push” state intervention and wage flexibility solutions to this trap are analyzed and the merits of place-based policies that support intervention and can deal with uncertainty, risk and conflict are discussed.
Book Synopsis Local Economic Development in the 21st Centur by : Daphne T Greenwood
Download or read book Local Economic Development in the 21st Centur written by Daphne T Greenwood and published by Routledge. This book was released on 2014-12-18 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a comprehensive look at local economic development and public policy, placing special emphasis on quality of life and sustainability. It draws extensively on case studies, and includes both mainstream and alternative perspectives in dealing with economic growth and development issues. The contributions of economic theories and empirical research to the policy debates, and the relationship of both to quality of life and sustainability are explored and clarified.
Book Synopsis Planning Local Economic Development by : Nancey Green Leigh
Download or read book Planning Local Economic Development written by Nancey Green Leigh and published by SAGE Publications. This book was released on 2016-11-23 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by authors with years of academic, regional, and city planning experience, this classic text has laid the foundation for practitioners and academics working in planning and policy development for generations. With deeper coverage of sustainability and resiliency, the new Sixth Edition explores the theories of local economic development while addressing the issues and opportunities faced by cities, towns, and local entities in crafting their economic destinies within the global economy. Nancey Green Leigh and Edward J. Blakely provide a thoroughly up-to-date exploration of planning processes, analytical techniques and data, and locality, business, and human resource development, as well as advanced technology and sustainable economic development strategies.
Book Synopsis Economics of Agglomeration by : Masahisa Fujita
Download or read book Economics of Agglomeration written by Masahisa Fujita and published by Cambridge University Press. This book was released on 2013-07-31 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition studies the economic reasons for the existence of a variety of agglomerations arising from the global to the local.
Book Synopsis Competitive Cities in the 21st Century by : Kyeong Ae Choe
Download or read book Competitive Cities in the 21st Century written by Kyeong Ae Choe and published by Asian Development Bank. This book was released on 2011-10-01 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic challenges in developing Asian countries have become more complex: urban populations are growing at great cost to the environment, climate change has increased risks of natural disasters, and income gaps within and between developing countries are widening. These factors threaten the sustainable growth and development of urban areas, the drivers of Asia's economy. A strategic approach for inclusive growth is needed. The City Cluster Economic Development approach provides a strategic framework and a set of analytical tools, which governments, businesses, and communities can use to support the inclusive and sustainable development of competitive urban economies in Asia. Said approach was developed and tested by the Asian Development Bank to improve the basis for integrated planning and development of urban regions in Asia and the Pacific. It also elps urban managers and other city stakeholders identify action plans and determine priority investment areas.
Book Synopsis The Rise and Fall of Urban Economies by : Michael Storper
Download or read book The Rise and Fall of Urban Economies written by Michael Storper and published by Stanford University Press. This book was released on 2015-09-02 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, the Bay Area is home to the most successful knowledge economy in America, while Los Angeles has fallen progressively further behind its neighbor to the north and a number of other American metropolises. Yet, in 1970, experts would have predicted that L.A. would outpace San Francisco in population, income, economic power, and influence. The usual factors used to explain urban growth—luck, immigration, local economic policies, and the pool of skilled labor—do not account for the contrast between the two cities and their fates. So what does? The Rise and Fall of Urban Economies challenges many of the conventional notions about economic development and sheds new light on its workings. The authors argue that it is essential to understand the interactions of three major components—economic specialization, human capital formation, and institutional factors—to determine how well a regional economy will cope with new opportunities and challenges. Drawing on economics, sociology, political science, and geography, they argue that the economic development of metropolitan regions hinges on previously underexplored capacities for organizational change in firms, networks of people, and networks of leaders. By studying San Francisco and Los Angeles in unprecedented levels of depth, this book extracts lessons for the field of economic development studies and urban regions around the world.
Book Synopsis The Economic Role of Cities by : Xing Quan Zhang
Download or read book The Economic Role of Cities written by Xing Quan Zhang and published by Xing Quan Zhang. This book was released on 2011 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the economic role of cities and illustrates the important contributions of cities to national economic development and poverty reduction. Looks at the agglomeration economies, city clusters, city regions and mega city regions.
Book Synopsis The New Geography of Jobs by : Enrico Moretti
Download or read book The New Geography of Jobs written by Enrico Moretti and published by Houghton Mifflin Harcourt. This book was released on 2012 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Makes correlations between success and geography, explaining how such rising centers of innovation as San Francisco and Austin are likely to offer influential opportunities and shape the national and global economies in positive or detrimental ways.
Book Synopsis The Oxford Handbook of Industrial Hubs and Economic Development by : Arkebe Oqubay
Download or read book The Oxford Handbook of Industrial Hubs and Economic Development written by Arkebe Oqubay and published by Oxford University Press. This book was released on 2020-07-23 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrialization supported by industrial hubs has been widely associated with structural transformation and catch-up. But while the direct economic benefits of industrial hubs are significant, their value lies first and foremost in their contribution as incubators of industrialization, production and technological capability, and innovation. The Oxford Handbook of Industrial Hubs and Economic Development adopts an interdisciplinary approach to examine the conceptual underpinnings, review empirical evidence of regions and economies, and extract pertinent lessons for policy reasearchers and practitioners on the key drivers of success and failure for industrial hubs. This Handbook illustrates the diverse and complex nature of industrial hubs and shows how they promote industrialization, economic structural transformation, and technological catch-up. It explores the implications of emerging issues and trends such as environmental protection and sustainability, technological advancement, shifts in the global economy, and urbanization.
Book Synopsis Urban Agglomeration and Economic Growth by : Herbert Giersch
Download or read book Urban Agglomeration and Economic Growth written by Herbert Giersch and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Urban Agglomeration and Economic Growth is the fifth volume in the series of books emanating from the activities of the Egon-Sohmen-Foundation. It contains 10 papers (plus a supplementary note) which were presented at an international conference in Zurich, Switzerland, in summer 1993. These papers cover historical and theoretical aspects as well as policy implications. The volume contains contributions by M. Beckmann, H.-J. Ewers, R.H. Funck, M. van Geenhuizen and P. Nijkamp, G. Giuliano and K.A. Small, P. Hall, H. Klodt, J. Mokyr, H.W. Richardson and J.G. Williamson.
Book Synopsis Economies of Agglomeration by : Fouad Sabry
Download or read book Economies of Agglomeration written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-19 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Economies of Agglomeration One of the major subfields of urban economics, economies of agglomeration, explains, in broad terms, how urban agglomeration occurs in locations where cost savings can naturally arise. This term is most often discussed in terms of economic firm productivity. However, agglomeration effects also explain some social phenomena, such as large proportions of the population being clustered in cities and major urban centers. Similar to economies of scale, the costs and benefits of agglomerating increase the larger the agglomerated urban cluster becomes. Several prominent examples of where agglomeration has brought together firms of a specific industry are: Silicon Valley and Los Angeles being hubs of technology and entertainment, respectively, in California, United States; and London, United Kingdom, being a hub of finance. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Economies of agglomeration Chapter 2: Economies of scale Chapter 3: Economic geography Chapter 4: Economies of scope Chapter 5: Urban geography Chapter 6: Urban economics Chapter 7: Alfred Weber Chapter 8: Returns to scale Chapter 9: Kuznets curve Chapter 10: New trade theory Chapter 11: Regional economics Chapter 12: Business cluster Chapter 13: Spatial inequality Chapter 14: Urbanization in China Chapter 15: Innovation economics Chapter 16: Knowledge spillover Chapter 17: Cluster theory Chapter 18: Metropolitan economy Chapter 19: Secondary city Chapter 20: Economic globalization Chapter 21: Gianmarco Ottaviano (II) Answering the public top questions about economies of agglomeration. (III) Real world examples for the usage of economies of agglomeration in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economies of Agglomeration.
Book Synopsis Local Economic Development and Clusters by : Clayton P. Gillette
Download or read book Local Economic Development and Clusters written by Clayton P. Gillette and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cities pursue firms that can increase tax base and fund local public goods. Related firms, or clusters, gravitate to dense urban areas in order to achieve the agglomeration benefits of co-location within a small geographic area. This mutual interest of cities and clusters explains local economic development. But market dynamics constrain the capacity of cities to attract clusters, and municipal efforts such as targeted subsidies have limited effect on firms' locational decisions or city economic growth. Much of the relevant literature suggests that the best strategy for local economic development involves investment in infrastructure that would serve firms' interests generally rather than efforts targeted at particular firms or industries. Even cities that successfully attract a cluster without targeted subsidies, however, tend to alter that strategy once the cluster enters a period of decline. That is the case even though decline is a function of external forces rather than the policies of the host city, and even though local efforts to buttress the cluster offer little chance of success. One explanation for municipal efforts on behalf of a declining cluster involves the capacity of member firms to coalesce, exercise political influence, and exploit fragmented municipal decision making to preserve the status quo, maintain or increase municipal subsidies for the cluster, and deter entry by competitors for city resources. That strategy is likely to impede the city's transition to a more productive economy in the face of impending cluster decline. This Article first explains how agglomeration benefits underlie city economic development, the limitations on city initiatives to attract clusters that would generate those benefits, and the theory behind city reactions to cluster decline. The Article then turns to the history of the garment industry in New York City to illustrate the evolution and decline of clusters. The garment industry evolved in New York City in a manner that generated significant agglomeration benefits for member firms that concentrated in and around what became known as the Garment District. This process involved little in the way of targeted city policies or subsidies. After several successful decades, however, the benefits of agglomeration decreased due to forces beyond the control of New York City, and member firms exited the Garment District for more productive jurisdictions. Nevertheless, in recent decades the city intervened to preserve manufacturing and deter or prohibit alternative uses within the manufacturing area. Those efforts continued even as the garment industry continued to shrink. The explanation for the city's strategy appears to be predicated on local decision making processes in which incumbents had an organizational and political advantage over newcomers and fragmented city governance provided incumbents with multiple points at which to veto policies that would alter the status quo or to enroll political champions to support entrenched positions.
Book Synopsis Handbook of Regional and Urban Economics by : V. Henderson
Download or read book Handbook of Regional and Urban Economics written by V. Henderson and published by Elsevier. This book was released on 2004-07-21 with total page 1081 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new Handbook of Regional and Urban Economics: Cities and Geography reviews, synthesizes and extends the key developments in urban and regional economics and their strong connection to other recent developments in modern economics. Of particular interest is the development of the new economic geography and its incorporation along with innovations in industrial organization, endogenous growth, network theory and applied econometrics into urban and regional economics. The chapters cover theoretical developments concerning the forces of agglomeration, the nature of neighborhoods and human capital externalities, the foundations of systems of cities, the development of local political institutions, regional agglomerations and regional growth. Such massive progress in understanding the theory behind urban and regional phenomenon is consistent with on-going progress in the field since the late 1960's. What is unprecedented are the developments on the empirical side: the development of a wide body of knowledge concerning the nature of urban externalities, city size distributions, urban sprawl, urban and regional trade, and regional convergence, as well as a body of knowledge on specific regions of the world—Europe, Asia and North America, both current and historical. The Handbook is a key reference piece for anyone wishing to understand the developments in the field.