Budd, Leslie and Hirmis, Amer K.
(2004).
| DOI (Digital Object Identifier) Link: | https://doi.org/10.1080/0034340042000292610 |
|---|---|
| Google Scholar: | Look up in Google Scholar |
Abstract
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: | Article |
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| Copyright Holders: | 2004 Regional Studies Association |
| ISSN: | 1360-0591 |
| Keywords: | competitiveness; competitive and comparative advantage; X-inefficiency; agglomeration economies; regional competitiveness |
| Academic Unit/School: | Faculty of Business and Law (FBL) > Business Faculty of Business and Law (FBL) |
| Interdisciplinary Research Centre: | Innovation, Knowledge & Development research centre (IKD) |
| Item ID: | 1661 |
| Depositing User: | Users 12 not found. |
| Date Deposited: | 22 Jun 2006 |
| Last Modified: | 04 Oct 2016 09:45 |
| URI: | http://oro.open.ac.uk/id/eprint/1661 |
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