Business Intelligence

Growth Cycles: Transformation And Regional Development

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Executive Summary

Departing from the renewed interest within economic history and neo-Schumpeterian perspectives on growth and economic transformation, the authors will suggest a theoretical framework for analyzing long term regional economic growth and transformation. Emphasis will be given to different driving forces and their various roles over time, lead-lag relations between industries and how divergence and convergence between regions shift cyclically as consequences of technological change, market integration and economic growth. They claim that systemic approaches in general have been neglected in regional science in favor of "Neo-regionalism" in the sense that the study of regional growth has been focusing for years on regional innovation systems and cluster theories without any regard to systemic relations at all.

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