Sources of Metropolitan Growth

by John F. McDonald (Editor)

Overview

The factors that determine growth at the industry level are different for innovative versus mature industries. Growth industries rely on high-quality workers, access to capital, technical change, and numerous forms of collected economies. Mature industries concentrate on low-input costs and minimizing costs for wages, transportation, taxes, material, etc. This approach is adopted here to consider the growth and development of metropolitan economies.In twelve chapters, eminent scholars provide a complete review of what works - and what doesn't - in generating economic development. What are the potential and the reality of producer services, suburban business centers, enterprise zones, technology-based ventures, and industrial incubators? How can economic development policy improve the incubator effect? Is there a nationwide venture capital network? What are the locational requirements of firms in high-growth industries? Finally, what are the consequences of failed growth?This comprehensive collection includes chapters by Edwin S. Mills; Patricia E. Beeson; Mark A. Satterthwaite; Breandán Ó Huallacháin; John F. McDonald; William B. Beyers; Truman A. Hartshorn; Peter O. Muller; Rodney A. Erickson; Richard Florida; Donald F. Smith, Jr.; Claudia Bird Schoonhoven; Kathleen M. Eisenhardt; Stephen Nord; Robert G. Sheets; and Thomas R. Hammer. This workis a must read for policymakers, planners, analysts, and students.

Product Details

ISBN-13:	9781412848374
Publisher:	Transaction Publishers
Publication date:	07/15/2012
Pages:	335
Product dimensions:	6.00(w) x 9.00(h) x (d)

About the Author

Edwin S. Mills is professor emeritus of real estate and finance at the Kellogg School of Management, Northwestern University. He has been a consultant to government agencies, including the US Navy, US Public Health Service, and the US Office of Science and Technology, the United Nations, and the World Bank.

John F. McDonald is professor emeritus of economics and finance at the University of Illinois at Chicago. Currently he serves as editor of the Journal of Real Estate Literature. He has been a member of the editorial board of the Journal of Urban Economics since 1989 and was president of the Illinois Economic Association.

Table of Contents

PART I Empirical Analysis of Metropolitan Growth; 1: Sectoral Clustering and Metropolitan Development; 2: Agglomeration Economies and Productivity Growth; PART II Empirical Analysis of Metropolitan Growth; 3: High-growth Industries and Uneven Metropolitan Growth; 4: Economic Structure and Growth of Metropolitan Areas; 5: Assessing the Development Status of Metropolitan Areas; PART III Empirical Analysis of Key Sectors; 6: Producer Services and Metropolitan Growth and Development; 7: The Suburban Downtown and Urban Economic Development Today; IV: Policy and Metropolitan Economic Development; 8: Enterprise Zones: Lessons from the State Government Experience; 9: Venture Capital’s Role in Economic Development: An Empirical Analysis; 10: Regions as Industrial Incubators of Technology-based Ventures; V: Economic Change and Urban Social Problems; 11: Service Industries and the Working Poor in Major Metropolitan Areas in the United States; 12: Economic Determinants of Underclass Behavior

Editorial Reviews

The need to understand metropolitan growth is unquestioned among regional economists, geographers, and economic development policymakers and administrators, and this book has something important to say to all of them.” —R. A. Beauregard, Choice “This book is a collection of papers delivered at a symposium, “Sources of Metropolitan Growth and Development,” held in 1989 and jointly sponsored by the Economic Development Administration and NCI Research in Evanston, Illinois… Much of the research presented here was designed to learn more about the mechanics of metropolitan growth to inform the formulation of economic development policy… Sources of Metropolitan Growth is readily accessible to the reader who does not have a strong economic and mathematical background… The planner who wants to do some serious strategic thinking about economic development will find that the entire volume is well worth reading.” —John Levy, Journal of the American Planning Association “This book is a far-reaching analysis of metropolitan growth trends and techniques used to generate economic development in the United States… [I]t focuses on the nature of ongoing industrial and service restructuring and the range of facilitative growth tools presently being used by planners/public officials… The book is nicely structured: it begins with the theory that informs the studies and ends with social problems and policy implications associated with the topic… [I] found it to be quite informative and interesting. The chapters are filled with fresh insights… Researchers and teachers can benefit from this book. It is sufficiently detailed and easy to read to appeal to a wide audience. It provides policy analysts with the most up-to-date studies on tools and trends related to economic growth.” —David Wilson, Professional Geographer “The declared goal of this edited collection is to present policymakers and researchers with the latest information on what makes cities grow… It does… have value as readings for a senior urban planning seminar or possibly geography or sociology seminars on urban growth and employment.” —Mark Ellis, Growth and Change “The material is still timely and very interesting. Mills and McDonald have woven the papers in this volume into coherent groups, and the papers examine the role of agglomeration economies in shaping the growth and restructuring of metropolitan areas. The topics follow a logical progression from conceptual underpinnings, to empirical applications, and then to policy-related issues in metropolitan areas. The first-rate paperes in the book make it a natural for adoption in courses on regional economics or economic development in metropolitan areas. Many of the papers are the best of their kind fount anywhere. The papers are not overly technical, so that technical as well as non-technical readers will appreciate the book.” —Michael Wasylenko, Journal of Regional Science "A wealth of solid research, provocative interpretations, and thoughtful policy recommendations." —Environment & Planning A "[A] timely addition to our knowledge . . . " —Journal of Policy Analysis and Management

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