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CONTRASTS IN REGIONAL POTENTIALS: SOME ASPECTS OF REGIONAL ECONOMIC DEVELOPMENT
Author(s) -
Steiner Michael
Publication year - 1987
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/j.1435-5597.1987.tb01690.x
Subject(s) - economic geography , product (mathematics) , lead (geology) , production (economics) , economics , macroeconomics , biology , mathematics , geometry , paleontology
The paper Marls with the assumption that regional problems arise by a change in the retirement of production, and that there are differences in a region's ability to adjust to these changes. These differences are caused by regional variations in their productive capacities. The product cycle hypothesis is used as an interpretive framework for these distinguishing characteristics which lead to different types of regions. Empirical attempts to enhance the assumption of types of regions for Austria arc reported. Some of the shortcomings of a regionalized version of the product cycle hypothesis are outlined and then modifications are suggested which might lead to a reinterpreclation of regional development in terms of evolutionary theories of economic change.