Work

The Concept of Local Development: a Stages Model of Endogenous Regional Growth

Year: 1984

Type: article

Abstract: ABSTRACT The concept of local development is defined as a particular form of regional development, one in which endogenous factors occupy a central position. A stages model of local development is proposed: 1) the emergence of local entrepreneurship; 2) the “take off” of local enterprises; 3) the expansion of these enterprises beyond the local region; and 4) the achievement of a regional economic structure that is based upon local initiatives and locally created comparative advantages. The theoretical and empirical foundations of this model are examined, with particular emphasis upon the roles of the entrepreneur and of human capital in the process of economic growth, and upon the spatial effects of the expansion of the firm.

Source: Papers of the Regional Science Association

DOI: 10.1007/bf01939840

Authors: William J. Coffey, Mario Polèse

Institutions: Dalhousie University, Institut National de la Recherche Scientifique, Université du Québec

Language: English

Topic: Regional Development and Innovation

Subfield: Development

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $2,740