Original scientific paper
Theories of regional development in the economic literature
Jakša Puljiz
Abstract
This paper analyzes some of the key theoretical directions in the fi eld of regionaldevelopment from the 1950s until today. Of the many theoretical directions andconcepts, because of the limited space, in the paper are analyzed in detail approaches toregional development in the so-called classic literature on the development economics, then the neoclassical model of regional growth, new models of growth theory, new economic geography models and new concepts of regional development based on innovation.The context for the study of regional development has changed dramatically over the past
twenty years. Global changes in economic and other relations have been accompanied by changes in the understanding of the paradigm of development, including regional development. New theoretical directions and concepts were based on the creation and dissemination
of knowledge and models in which the location or the space act as an important factor of development. In addition to signifi cant advances in mathematical modeling of regional development, the growing importance of qualitative concepts of regional development has been recognized, in which the important role belongs to the. “immaterial”
factors such as the development of trust among participants in the development process, the quality of institutions and others.
Keywords
regional development; economic theory; growth models; innovations; new concepts
Hrčak ID:
117704
URI
Publication date:
22.3.2011.
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