Targeting Regional Economic Development

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2009-04-29
  • Publisher: Routledge

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Targeting regional economic development (TRED) has a long and rich tradition among academic economists and in the world of economic development practitioners. This book builds on a series of workshops and papers organized by The Northeast Regional Center for Rural Development (NERCRD) at the Pennsylvania State University and the Rural Policy Research Centre (RUPRI) at the University of Missouri. Through the coordinated efforts of NERCRD and RUPRI, a network of university based researchers and Extension education specialists was developed and provides the foundation of this new edited volume. For the first time in a single book, Goetz, Deller and Harris present an innovative approach through a collection of chapters discussing industry targeting and the relevance of TRED as an important analytical tool for practical targeting purposes. The papers present issues surrounding community economic development, clusters in industry and rural communities and the role of agglomeration economies. The book provides the reader with insights into not only the theoretical foundations of targeting as well as empirical methods, but also approaches for using the community-level analysis to affect policy directions.

Table of Contents

List of figures and tablesp. xiii
List of contributorsp. xvii
Introduction and overviewp. 1
Policy backgroundp. 15
Historical description of economic development policyp. 17
Industry clusters and industry targetingp. 35
Overview of firm location theory and TREDp. 47
Porter's Cluster strategy and industrial targetingp. 68
Impact of agglomerations on the economyp. 84
Empirical modelling approachesp. 101
Location probability and attractive score models
Modelling the probability of manufacturing activity in the Great Plainsp. 103
Regional variation in the location choice of goods-and service-producing industriesp. 126
An application of a double hurdle firm location model: The example of Montanap. 148
Input-output and value chain models
Targeting industry clusters for regional economic development: The REDRL approachp. 183
Rural-urban economic linkages: Implications for industry targeting recommendationsp. 198
Regional cluster analysis with interindustry benchmarksp. 213
AHP and matching models
Targeting with the analytic hierarchy processp. 241
The community business matching model: Combining community and business goals and assets to target rural economic developmentp. 255
Applications and case studiesp. 279
Identifying food industry clusters: A comparison of analytical toolsp. 281
Targeted industry analysis in a "comprehensive" economic development extension programmep. 311
TRED as an educational toolp. 325
Industry targeting: Theoretical underpinning and practical applicationp. 343
Import substitution and the analysis of gaps and disconnectsp. 365
Conclusionp. 389
TRED: Conclusion and the futurep. 391
Indexp. 399
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