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Urban and Regional Economics


The Urban and Regional Economics Working Group explores the role of the space on economics and development, the role of the city and the centrality, to show Keynesian and Schumpeterian contribution to URE, as well as the Marxian land rent theory, and, widely, the Political Economy of Urbanization.

The working group will study a range of approaches to urban and regional economics (URE). Although the existence of a very clear tradition based on the neoclassical approaches of Alonso, Muth, Mills, and, more broadly, of the Regional Science’s attempts, alternative discourses about URE are still not sufficiently explained, as well as the possibility to foster synthesis in this field. Therefore, the group will forter a discussion about the role of the space on economics and development, the role of the city and the centrality, to show Keynesian and Schumpeterian contribution to URE, as well as the Marxian land rent theory, and, widely, the Political Economy of Urbanization. Furthermore, it may be a moment to make clear the point that

Regional economies are synergy-laden systems of physical and relational assets, and intensifying globalization is making this situation more and not less the case. As such, regions are an essential dimension of the development process, not just in the more advanced countries but also in less-developed parts of the world. Development theorists have hitherto largely tended to overlook this critical issue in favour of an emphasis on macroeconomic considerations. At the same time, conventional theories of the relationship between urbanization and economic development have favoured the view that the former is simply an effect of the latter. To be fully general, the theory of development must incorporate the role of cities and regions as active and causal elements in the economic growth process. This argument has consequences for development policy, especially in regard to the promotion of positive agglomeration economies and the initiation of growth in poorer regions. A related policy problem concerns ways of dealing with the increase in interregional inequalities associated with contemporary globalization. Issues of economic geography are thus of major significance to development theory and practice”.

Allen Scott and Michael Storper, 2003.

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