Hawke's Bay regional economic development strategy: The importance of stakeholder buy-in

2015 ◽  
Vol 71 (3) ◽  
pp. 138-145
Author(s):  
James E. Rowe ◽  
Paul Collits ◽  
Alasdair MacLeod
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Regional Economic Development ◽  
Regional Economic ◽  
Economic Development Strategy

scholarly journals The Impact of Economic Specialization on Regional Economic Development in the European Union: Insights for Formation of Smart Specialization Strategy

Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 76
Author(s):  
Giedrė Dzemydaitė
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Regional Economic Development ◽  
The European Union ◽  
Location Quotient ◽  
Regional Economic ◽  
Clear Cut ◽  
Smart Specialization ◽  
Economic Specialization ◽  
The Impact

The smart specialization concept was implemented in the EU in 2014, stating that regions have to specify specialization areas for development of innovations. Economic specialization reveals a comparative advantage in that field. However, there are different arguments linking specialization to economic development. This study analyzes these arguments and aims to investigate the impact of economic specialization on regional economic development and to give insights into identifying prospective areas in regional economies. A panel fixed effect estimation of industry-level regional data suggests that economic specialization in broader regional employment, called relative specialization, is ambiguously associated with economic development. Our findings suggest that neither economic specialization nor economic diversity are a clear-cut solution for ensuring economic growth. Economic structure in EU regions differs, and there is no one answer for which approach is better for economic development. Specialization measures, particularly the location quotient, cannot fully capture the dynamics in the industry structure that could be essential for formation of regional development strategy.

A New Era of Federal Involvement in Regional Economic Development? The Case of the Wired Initiative

2009 ◽  
Vol 27 (4) ◽  
pp. 593-611 ◽  
Author(s):  
Henry Renski
Keyword(s):  
Economic Development ◽  
Regional Development ◽  
Development Strategy ◽  
Workforce Development ◽  
First Generation ◽  
Regional Economic Development ◽  
Development Theory ◽  
Regional Economic ◽  
New Era ◽  
High Employment

In November 2005 the US Department of Labor's Employment and Training Administration announced a bold new initiative—Workforce Innovations in Regional Economic Development (known as WIRED). In its first iteration the WIRED initiative awarded thirteen three-year regional planning and development grants to assist regions in integrating their workforce and economic development systems to better serve emerging technologies and high employment growth sectors. In this paper I discuss the WIRED initiative as a model for federal involvement in regional economic development. Despite a sound basis in regional development theory, the implementation of WIRED fell short of its original goals that, in many cases, stymied regional attempts at innovation. The difficulties experienced by first-generation WIRED recipients led to a stark revision of the federal WIRED concept and a reversion to more traditional workforce development approaches. To be truly effective, future federal endeavors in regional economic development must overcome the persistent institutional divisions, legal impediments, and political pressures that work contrary to the desired goal of a flexible and competitive regional development strategy.

scholarly journals Difference Analysis of Regional Economic Development Based on the SOM Neural Network with the Hybrid Genetic Algorithm

2021 ◽  
Vol 2021 ◽  
pp. 1-9
Author(s):  
Ying Cai ◽  
Xu Wang ◽  
LiRan Xiong
Keyword(s):  
Neural Network ◽  
Genetic Algorithm ◽  
Economic Development ◽  
Development Strategy ◽  
Hybrid Genetic Algorithm ◽  
Regional Economic Development ◽  
Distribution Law ◽  
Regional Economic ◽  
Level Of Economic Development ◽  
Som Neural Network

Since the reform and opening up, China’s regional economy has developed rapidly. However, due to different starting points of economic development caused by the traditional distribution of productive forces and the differences in regions, resources, technologies, and policies, the level of economic development in different regions is uneven. Clustering analysis is a data mining method that clusters or classifies entities according to their characteristics and then discovers the whole spatial distribution law of datasets and typical patterns. It is of great significance to classify, compare, and study the economic development level of different regions in order to formulate the regional economic development strategy. In this paper, a self-organizing feature map (SOM) neural network with the hybrid genetic algorithm is used to cluster the differences of regional economic development, the clustering results are evaluated, and the empirical results are good. From this, some meaningful conclusions can be drawn, which can provide reference for the decision-making of coordinating regional economic development.

Russia’s Development Strategy: Guidelines and Restrictions

2008 ◽  
pp. 119-130 ◽  
Author(s):  
V. Senchagov
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Conceptual Basis ◽  
The Core ◽  
Economic Development Strategy ◽  
Socio Economic Development ◽  
Rates Of Growth

The core of Russia’s long-term socio-economic development strategy is represented by its conceptual basis. Having considered debating points about the essence and priority of the strategy, the author analyzes the logic and stages of its development as well as possibilities, restrictions and risks of high GDP rates of growth.

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