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Targeting Regional Economic Development

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Targeting regional economic development (TRED) has a long and rich tradition among academic economists and in the world of economic development practitioners. This book builds on a series of workshops and papers organized by The Northeast Regional Center for Rural Development (NERCRD) at the Pennsylvania State University and the Rural Policy Research Centre (RUPRI) at the University of Missouri. Through the coordinated efforts of NERCRD and RUPRI, a network of university based researchers and Extension education specialists was developed and provides the foundation of this new edited volume.

For the first time in a single book, Goetz, Deller and Harris present an innovative approach through a collection of chapters discussing industry targeting and the relevance of TRED as an important analytical tool for practical targeting purposes. The papers present issues surrounding community economic development, clusters in industry and rural communities and the role of agglomeration economies. The book provides the reader with insights into not only the theoretical foundations of targeting as well as empirical methods, but also approaches for using the community-level analysis to affect policy directions.

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Editorial Reviews

From the Publisher
'Targeting regional economic development deals with the strategy that arguably occupies most of the economic development activity of cities and regions. With contributions from eminent academics intimately involved in local economic development practice, this book presents a tool-box of new and innovative methods for regional economic targeting along with the theoretical and conceptual moorings of these applications.' — Professor Daniel Felsenstein, Director, Institute of Urban and Regional Studies, Hebrew University of Jerusalem, Israel.

"Goetz, Deller, and Harris’s collection, like all good collections, is the work of a community of scholars. But what is unique about it is that the authors are a community of scholars committed to both research and outreach. The result is a collection about targeted regional economic development (TRED) that reflects both current theory about regional economic growth and current theory about community development practice." — Eric Thompson, Department of Economics, University of Nebraska-Lincoln (Journal of Regional Science, 2011)

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Product Details

Meet the Author

Stephan Goetz is Director of Northeast Regional Center for Rural Development and Professor of Agricultural and Regional Economics at Pennsylvania State University, USA.

Steven Deller is Professor of Agricultural and Applied Economics at the University of Wisconsin, USA.

Thomas Harris is Director of the University Center for Economic Development at the University of Nevada, USA.

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Table of Contents

Part I: Policy Background 1. Introduction and Overview, Stephan J. Goetz, Steven C. Deller, and Thomas R. Harris 2. Historical Description of Economic Development Policy, Steven C. Deller and Stephan J. Goetz 3. Industry Clusters and Industry Targeting, Martin Shields, David Barkley, and Mary Emery 4. Overview of the Theory Behind TRED, Steven C. Deller 5. Porter’s Cluster Strategy and Industrial Targeting, Douglas Woodward and Paulo Guimarães 6. Impact of Agglomerations on the Economy, Todd Gabe Part II: Empirical Modeling Approaches 7. Modeling the Probability of Manufacturing Activity in the Great Plains John C. Leatherman and Terry L. Kastens 8. Regional Variation in the Location Choice of Goods- and Service-Producing Industries Hanas A. Cader, John C. Leatherman, and John M. Crespi 9. An Application of a Double Hurdle Firm Location Model: The Example of Montana, Alison Davis and Thomas R. Harris 10. Targeting Industry Clusters for Regional Economic Development: The REDRL Approach David L. Barkley and Mark S. Henry 11. Rural-Urban Economic Linkages: Implications for Industry Targeting Recommendations, David W. Hughes 12. Regional Cluster Analysis with Interindustry Benchmarks, Edward Feser, Henry Renski, and Jun Koo 13. Targeting with the Analytic Hierarchy Process, Thomas G. Johnson 14. The Community Business Matching Model: Combining Community and Business Goals and Assets to Target Rural Economic Development, Linda J. Cox, Jonathan E. Alevy, Thomas R. Harris, Barbara Andreozzi, Joan Wright, and George "Buddy" Borden Part III: Applications and Case Studies 15. Identifying Food Industry Clusters: A Comparison of Analytical Tools, Stephan J. Goetz, Martin Shields, and Qiuyan Wang16. Targeted Industry Analysis in a "Comprehensive" Economic Development Extension Program, James R. Nelson, Michael D. Woods, La Dee Homm, and Gerald A. Doeksen 17. TRED as an Educational Tool, Steven C. Deller, John Leatherman, and Martin Shields 18. Industry Targeting: Theoretical Underpinning and Practical Application, David W. Hughes 19. Import Substitution and the Analysis of Gaps and Disconnects, Steven C. Deller 20. What Have We Learned?Steven C. Deller, Stephan J. Goetz, and Thomas Harris.

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