By OECD Organisation for Economic Co-operation and Development
Perform a little areas develop swifter than others, and in ways in which don't regularly agree to fiscal idea? this can be a important factor in todays financial system, while coverage makers are searhing for how one can stimulate new and sustainable development. OECD paintings means that there is not any one-size-fits-all resolution to neighborhood progress coverage. really, areas develop in very various methods and the straightforward focus of assets in a spot isn't really enough for long term development. This record attracts on OECD research of nearby info (including the place progress occurs, country-by-country), coverage stories and case reports. It argues that it truly is how investments are made, neighborhood resources used and synergies exploited which could make the variation. Public funding may still prioritise longer-term affects on productiveness development and mix measures in an built-in approach. this implies an immense position for neighborhood guidelines in shaping progress and monetary restoration guidelines, but additionally demanding situations coverage makers to enforce coverage reforms.Table of content material :AcronymsIntroductionSummary of Key coverage MessagesChapter 1. figuring out and Explaining local GrowthChapter 2. A more beneficial method of selling Sustainable nearby GrowthChapter three. coverage Implementation and GovernanceChapter four. the place progress occurs: styles of nearby development -;Country ;Country- Australia; - Austria; - Belgium- Canada- Czech Republic - Denmark - Finland; - France- Germany- Greece- Hungary- eire - Italy Japan- Korea; - Mexico - The Netherlands - Norway - Poland - Portugal- Slovak Republic- Spain - Sweden- Switzerland - Turkey - uk - usa
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Additional resources for Regions Matter: Economic Recovery, Innovation and Sustainable Growth
Sample text
Why do some regions grow faster than others? Evidence from a regional growth model Econometric analysis can shed some light on the factors that influence regional economic growth. 2). As many of the variables of interest – institutions and systems – change very slowly over time, and often do not have easily quantifiable values, the particular analytic technique usually employed is a panel data approach. This approach requires a large number of observations for the econometric model to produce useful results, but has the advantage that the results can throw light on whether different growth factors are significant only in combination, or whether they are independently significant.
Statistically significant at a 90% confidence interval). REGIONS MATTER: ECONOMIC RECOVERY, INNOVATION AND SUSTAINABLE GROWTH © OECD 2009 48 – 1. P. (2003), “The Mystery of Regional Unemployment Differentials; a Survey of Theoretical and Empirical explanations” Journal of Economics Surveys, Vol. 709-748. O. (1958), The Strategy of Economic Development, Yale University Press, New Haven, CT. Krugman, P. (1991), “Increasing Returns and Economic Geography”, The Journal of Political Economy, Vol. 3, pp.
These favourable environments certainly offer material advantages for innovators, whether they are on the scientific research or enterprise side. For example, the research confirms a close link between R&D expenditure and patenting activity. There is also a close link between the number of R&D personnel per thousand workers and patenting. These correlations are robust even after controlling for such things as industry sector. There is also a link between patenting and educational attainment, which suggests that levels of public investment in education and especially in science and engineering disciplines will promote innovation activity.
