Is specialization good for regional economic development?

Kemeny, Thomas and Storper, Michael (2014) Is specialization good for regional economic development? Regional Studies, 1-16. (doi:10.1080/00343404.2014.899691).

Record type: Article

Abstract

Debates about urban growth and change often centre on specialization. However, arguments linking specialization to metropolitan economic development contain diverse, and sometimes conflicting, claims. Is it better to be highly specialized or diversified? Does specialization refer to the absolute or relative scale of an activity in a region? Does specialization have static or evolutionary effects? This paper investigates these questions in theoretical and empirical terms. By analysing local agglomerations over time, it is found that growing absolute specialization is positively linked to wages, while changes in relative concentration are not significantly associated with wage dynamics.

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e-pub ahead of print date: 8 May 2014

Published date: 8 May 2014

Organisations: Economy, Society and Space

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Local EPrints ID: 369536

URI: http://eprints.soton.ac.uk/id/eprint/369536

DOI: doi:10.1080/00343404.2014.899691

ISSN: 0034-3404

PURE UUID: fcc2e648-d8e8-40e5-817e-0f9c6efbe5e2

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Date deposited: 06 Oct 2014 11:01

Last modified: 14 Mar 2024 18:05

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Contributors

Author: Thomas Kemeny

Author: Michael Storper

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