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Regions Matter. Economic Recovery, Innovation and Sustainable Growth

This report draws on OECD analysis of regional data (including where growth happens, country-by-country), policy reviews and case studies. It argues that it is how investments are made, regional assets used and synergies exploited that can make the difference.

Public investment should prioritise longer-term impacts on productivity growth and combine measures in an integrated way. This suggests an important role for regional policies in shaping growth and economic recovery policies, but also challenges policy makers to implement policy reforms.

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Why do some regions grow faster than others, and in ways that do not always conform to economic theory? This is a central issue in today’s economic climate, when policy makers are looking for ways to stimulate new and sustainable growth.

Table of Contents

Acronyms

Introduction

Summary of Key Policy Messages

Chapter 1: Understanding and Explaining Regional Growth

Introduction and key policy messages

Persistent disparities suggest unused potential for growth in developed countries

Concentration drives growth, but private benefits can bring societal costs

Growth in “unexpected” places makes a big contribution to national prosperity

Why do some regions grow faster than others? Evidence from a regional growth model

Conclusion

Bibliography

Chapter 2: A More Effective Approach to Promoting Sustainable Regional Growth

Introduction and key policy messages

Regional policies have evolved significantly in recent years

Investment in infrastructure is still prominent, but is now more integrated

Investing in and retaining human capital, without restricting mobility

New forms of innovation emphasise proximity, in spite of globalisation

Sustainable regional development: a new role for spatial planning

Rural development policy’s new paradigm

“Greening” urban growth policies

Better harnessing rural-urban linkages

Conclusion

Bibliography

Chapter 3: Policy Implementation and Governance

Introduction and key policy messages

Regional development depends on efficient governance

Accountable and credible leadership: a keystone of good governance

What financial resources support regional development?

Investing strategically: the role of contracts for regional development

Identifying an efficient scale for supplying local public goods and services

Providing incentives to improve performance and build capacity

Conclusion

Bibliography

Chapter 4: Where Growth Happens: Patterns of Regional Growth - Country By Country

Tables

Boxes

with TOC BookMarkLinks

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