Endogenous development (317)

Theme Track: Regional Competitiveness - Regional Growth and Convergence

Author:
Vazquez-Barquero, Antonio

The paper analyses the forces behind the "inmediate sources of growth". It deals with the mechanisms that shape capital accumulation processes and argues that innovation, organization of production, urban development and institutional dynamics are all processes that determine capital accumulation and explain economic growth. Interaction between these forces produces a synergetic effect that condition growth and progress in cities, regions and countries.

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