nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2011‒12‒05
three papers chosen by
Karl Petrick
University of the West Indies

  1. Do Institutions Matter for Regional Economic Growth and Development? The Case of Turkey By Serkan Degirmenci
  2. Giacomo Becattini and the notion of “Marshallian Industrial Districtâ€. By Joan Trullen
  3. Comparing U.S. and European Views of University Involvement in Economic Development By Harvey Goldstein; Edward Bergman; Gunther Maier

  1. By: Serkan Degirmenci
    Abstract: Many cross-country studies acknowledge the indispensable role of institutions in promoting economic growth and in sustaining economic development. So, their emphases have shifted to determine the most influential institution(s) in order to be specific. While these papers are widespread in the recent literature, the role of institutions within-country level has not been yet discussed in detail. Although the formal institutional structures of many nation-state countries apply to their all regions, results may differ depending upon various conditions. Considering these differentiated outcomes, this study aims to discuss the roles and functions of institutions in regional economic growth and development. To that end, first objective of this paper is to provide an introductory background by surveying and systematically documenting the evidences on the impact of institutions on regional growth and development outcomes from both the theoretical and empirical studies within a voluminous literature. Second objective is to elaborate this survey by classifying these studies with respect to their different conceptions about “institutions†and to their methodological approaches adopted. By doing that, this paper try to propose an analytical framework that identifies the channels of influence between institutions and economic performance outcomes. As the main concern of that study, third objective is to discuss whether institutions really matter for regional economic growth and development and, if so, how can institutions be included in the regional growth and development policies. Turkey is a convenient example for this discussion. Although its fundamental written institutions have a countrywide validity, their density and quality varies among regions. So, lastly, it is planned to be done an empirical exercise to reveal the linkages between prominent characteristics of these regional institutions and economic performances of regions for the case of Turkey. To sum up, the novelty of this paper is to provide an extensive but a systematic survey of many studies in related literature and to contribute in part to the empirics of the relationship between institutions and regional economic growth and development. Finally, it is expected to obtain a sound understanding about the institutional approach both in economic growth and economic development spheres within the regional context.
    Date: 2011–09
  2. By: Joan Trullen
    Abstract: Abstract: The notion of “Marshallian Industrial District†proposed by Giacomo Becattini in the first seventies has led a revolution in the local economic analysis around the world. The paper offers a methodological interpretation of the approach adopted by Becattini. The roots are clearly Marshallian. He understands the economy as a complex social science that operates in historical time. But Becattini goes beyond because he proposes a new unity of analysis for the local economic development. The paper identifies similarities and differences between the original concept of “Industrial District†proposed by Marshall and the concept of “Marshallian Industrial District†in the Becattini’s approach. The paper uses the distinction between logical time, real time and historical time. The “Marshallian Industrial District†approach proposes the study of economic process located in specific areas and explained in historical time. Keywords: industrial district, Marshallian industrial district, methodology of economics, Schumpeter’s economic analysis, historical time, economic process. JEL: B31, B41
    Date: 2011–09
  3. By: Harvey Goldstein; Edward Bergman; Gunther Maier
    Abstract: University researchers are now considered by many as key actors in the building of knowledge economies in their regions, as universities are assumed to be important engines of regional economic well-being. Yet within the academy not all faculty are accepting of these roles for their institutions, for a variety of reasons. We measure faculty attitudes towards their universities being involved in (a) assisting regional economic development and (b) the commercialization of knowledge more generally using web-based surveys. Then using secondary data from a variety of sources, we attempt to explain the variation in attitudes among faculty in terms of: (i) individual attributes and professional experiences, (ii) scholarly disciplinary of the faculty member, (iii) institutional characteristics of their respective university, and (iv) regional economic conditions. Using ordered logit models, we test to see if faculty view a distinction in appropriateness of universities assisting economic development versus appropriateness of the commercialization of knowledge, whether there are differences between U.S. and EU faculty in their attitudes towards each type of activity, and whether faculty in regions undergoing industrial restructuring or in economic distress have more favorable attitudes towards each activity. Results to-date indicate that faculty have more favorable attitudes towards their universities assisting regional economic development compared to commercialization of knowledge, that universities individual and disciplinary variables are more important than institutional and regional economic variables, and that there are strong similarities in attitudes between U.S. and EU faculty attitudes, but with a few interesting exceptions.
    Date: 2011–09

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