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A new broad composite model of regional economic development as a framework for research

Jain, Ameeta 2007, A new broad composite model of regional economic development as a framework for research, in Proceedings of Small Enterprise Conference 2007 - building sustainable growth in SMEs, University of Waikato, Waikato, New Zealand, pp. 1-19.

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Title A new broad composite model of regional economic development as a framework for research
Author(s) Jain, Ameeta
Conference name Small Enterprise Conference (2007 : Manukau City, New Zealand)
Conference location Manukau City, New Zealand
Conference dates 23-26 September 2007
Title of proceedings Proceedings of Small Enterprise Conference 2007 - building sustainable growth in SMEs
Editor(s) Locke, Stuart
Publication date 2007
Conference series Small Enterprise Conference
Start page 1
End page 19
Publisher University of Waikato
Place of publication Waikato, New Zealand
Keyword(s) regional economic development
population
innovation
government policy
Summary The mechanism of regional economic development has been studied extensively by economists, geographers, town planners and other academics. The existing wide varieties of theories into regional economic development are insufficient on their own in explaining how a region can develop and prosper. Each theory has evaluated a few facets of regional economic development. Research from these different perspectives is narrow and prevents any cross-fertilization of research from all these diverse
theories.

Recognition of multiple factors affecting the development process has led the author to create a new broad composite model of regional economic development. The paper first sets out to describe and explain this broad composite model. Each of the components of this new model draws heavily upon seminal work in the field. This model proposes three rings. Each ring is at a different level of abstraction. The determinants of development described in each ring can influence each and every other determinant of development shown in the three ring structure. This model recognises that development in any centre, regional or urban, nascent or established is a composite end result of the complex interplay of all the determinants of development.

The paper then goes on to show how this model can provide a broad holistic approach to regional economic development that can assist researchers in their attempts to understand and link the various theories of regional economic development.
ISBN 9780473127770
0473127776
Language eng
Field of Research 140202 Economic Development and Growth
HERDC Research category E1 Full written paper - refereed
Persistent URL http://hdl.handle.net/10536/DRO/DU:30008188

Document type: Conference Paper
Collection: School of Accounting, Economics and Finance
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