Budd, Leslie and Hirmis, Amer K.
|DOI (Digital Object Identifier) Link:||http://doi.org/10.1080/0034340042000292610|
|Google Scholar:||Look up in Google Scholar|
The concept of territorial competitiveness has gained ground in academic, policy and practitioner circles. In particular, urban competitiveness has generated a large literature. However, there is a danger that competitiveness at a territorial level becomes a conceptual chimera. The essential problem is that territorially based actors and agencies seek to position and maintain the utility of their regions and subregions by reference to a set of measures and indicators that are conceptually suspect and often empirically weak. The degree to which regions compete depends on a manifold set of factors. The paper proposes a conceptual framework for regional competitiveness based on combining the competitive advantage of firms and the comparative advantage of a regional economy. The conceptual transmission mechanism to regional competitiveness combines Liebenstein's theory of 'X-inefficiency' and agglomeration economies. The paper begins with a review of competitiveness and its literature. It then investigates the regional balance of payment constraint in the absence of a real regional exchange rate. In conclusion, it asks whether the conceptual approach was appropriate for a study of benchmarking indicators for the London region in comparison with other metropolises.
|Item Type:||Journal Article|
|Copyright Holders:||2004 Regional Studies Association|
|Keywords:||competitiveness; competitive and comparative advantage; X-inefficiency; agglomeration economies; regional competitiveness|
|Academic Unit/Department:||Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
|Interdisciplinary Research Centre:||Innovation, Knowledge & Development research centre (IKD)|
|Depositing User:||Users 12 not found.|
|Date Deposited:||22 Jun 2006|
|Last Modified:||02 Aug 2016 12:51|
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