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Is specialization good for regional economic development?

Kemeny, Thomas and Storper, Michael (2015) Is specialization good for regional economic development? Regional Studies, 49 (6). pp. 1003-1018. ISSN 0034-3404

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Identification Number: 10.1080/00343404.2014.899691

Abstract

Kemeny T. and Storper M. Is specialization good for regional economic development?, Regional Studies. Debates about urban growth and change often centre on specialization. However, arguments linking specialization to metropolitan economic development contain diverse, and sometimes conflicting, claims. Is it better to be highly specialized or diversified? Does specialization refer to the absolute or relative scale of an activity in a region? Does specialization have static or evolutionary effects? This paper investigates these questions in theoretical and empirical terms. By analysing local agglomerations over time, it is found that growing absolute specialization is positively linked to wages, while changes in relative concentration are not significantly associated with wage dynamics.

Item Type: Article
Official URL: http://www.tandfonline.com/toc/cres20/current
Additional Information: © 2015 Regional Studies Association.
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O16 - Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O18 - Regional, Urban, and Rural Analyses
Sets: Departments > Geography and Environment
Date Deposited: 29 May 2014 10:43
Last Modified: 11 Jun 2015 15:39
URI: http://eprints.lse.ac.uk/id/eprint/56843

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