Regional economics : fundamental concepts, policies, and institutions / Iwan J. Azis.

Format:

Book

Author/Creator:

Azis, Iwan J. (Iwan Jaya), 1953- author.

Language:

English

Subjects (All):

Regional economics.

Physical Description:

xvii, 166 pages ; 23 cm

Place of Publication:

New Jersey : World Scientific, [2020]

Summary:

"Regional Economics: Fundamental Concepts, Policies, and Institutions is a unique and unconventional economics textbook which emphasizes the role of 'space' in economics and highlights the importance of non-economic factors particularly the role of institutions in regional development. It also presents the approach on how to evaluate regional development performance based on economic, social, and environmental considerations, which is the organizing principle for meeting people-oriented development and sustainable development goals. Other essential concepts such as 'regional science' and 'spatial economics' are also explored in this book. Why activities tend to be spatially concentrated and can get more intensified despite efforts to disperse them toward other regions? Why infrastructure development intended to increase activities and improve the population's welfare can produce the opposite outcome of greater interregional inequality? What is the role of regional and national policies in affecting growth incentives, and how non-economic factors such as institutions and the quality of local leaders can make a difference in welfare achievement? Addressing these questions allows readers to better understand the various phenomena in the actual development process"-- Provided by publisher.

Contents:

2 Regional Economics: Regional Science-Spatial Economics p. 9

2.2 Treatment of 'Space': From Partial to General Equilibrium p. 10

2.3 Interregional Inequality and Emergence of Cities p. 14

2.4 Infrastructure Development p. 18

2.5 Regional Science and Contemporary Development Issues p. 22

3 Model Comparisons p. 31

3.2 Space-Leas Model p. 32

3.3 Introducing 'Space' p. 35

3.4 Improvements and Extension p. 47

Appendix A p. 52

Appendix B p. 53

4 Regional Growth and Productivity p. 59

4.2 Demand-Driven Regional Growth p. 60

4.3 Supply-Driven: Interregional Capital Movement p. 64

4.4 Supply-Driven: Regional Investment Allocation p. 71

4.5 Regional Productivity p. 76

Appendix A p. 83

Appendix B p. 84

Appendix C p. 87

Appendix D p. 88

5 Regional Development and Policies p. 91

5.2 Regional Incentives to Promote Growth p. 93

5.3 Reducing Inequality and Improving Productivity p. 96

5.4 Assessing Sustainable Development p. 100

6 Institutions in Regional Development and Decentralization p. 105

6.2 Institutions and Culture p. 106

6.3 Decentralization p. 111

6.4 Coordination Game with Multiple Players: Theory of Endogenous Institutional Change p. 114

6.5 Institutional Model of Decentralization: How Local Capture Influences Welfare p. 120

Appendix A Specific Form of Welfare Function and Sensitivity Analysis p. 126

7.2 What We Have Learned p. 136

7.3.2 Policies p. 147

7.4 Big Data, ICT, and GIS p. 151.

Notes:

Includes bibliographical references and index.

ISBN:

9789811213373

9811213372

9789811213823

9811213828

OCLC:

1122749330