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Information Linkages in Local Economic Development[Note 1. The authors would like to thank Stephanie Shwiff foroutstanding ...]
Author(s) -
Weiler Stephan,
Scorsone Eric,
Pullman Madeleine
Publication year - 2000
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/0017-4815.00133
Subject(s) - business , private sector , private information retrieval , business cycle , isolation (microbiology) , local economic development , economics , finance , public economics , economic growth , statistics , mathematics , keynesian economics , microbiology and biotechnology , biology
Profitable private investments may be bypassed in struggling regions due precisely to such regions' isolation, leading to a self‐reinforcing cycle of marginalization. In many cases, development in such regions may be most effectively promoted by providing key information to the private and public sectors, thus addressing potentially significant market failures. In the case study project, the calculation of private and social returns have been particularly crucial in sparking both private investor interest and public support of this business venture. The project's example suggests an updated role for universities in the assistance of productive economic development programs.