LOCAL ECONOMIC DEVELOPMENT IN THEORIES OF REGIONAL ECONOMIES AND RURAL STUDIES

Bahrija Kačar; Jasmina Curić; Selma Ikić

doi:10.5937/ekoPolj1601231K

Authors

Bahrija Ka?ar, Ph.D. University of Novi Pazar, Department for Economic sciences, Novi Pazar
Jasmina Curi?, Ph.D. University of Novi Pazar, Department for Chemical - Technological sciences, Novi Pazar
Selma Iki?, M.A. Office for local economic development, City administration of Novi Pazar

DOI:

https://doi.org/10.5937/ekoPolj1601231K

Keywords:

economic growth, local economic growth and development, exogenous, endogenous and exogenous – endogenous development

Abstract

In this paper is a detailed analysis of the basics in the theory of economic development during the period from mid last century until today. It states the most significant theories, points out their ranges, offers a critical review regarding their treatment of development, especially regional, rural and local one. It observes those theories according to different classifications existing in scientific literature, primarily the ascend theory, stagnation theory, balanced economic growth theory; then, short-term and long-term development and growth theories; traditional and endogenous theories; economic growth stages theory emphasized after the WW II; structural changes theory; dependency theory, neo-classic counter-revolution theory and endogenous theory as a new growth theory. The analysis becomes wider with a study on development in regional economy theories and rural studies and it systematizes the classification of those theories according to regional economy academics. Distancing ourselves from any particular division as the most suitable and acceptable one, the theories are treated separately and in an historic context, in order to encircle the time framework which from modern theories, dealing with local level development difficulties, resulted. It asserts The Community-led Rural Development Theory, often referred to as the Community Development Theory, or marked as Bottom-up Partnership Approach. The analysis of development theories asserts that mixed exogenous - endogenous approach to development links the rural/local development to the globalization process mostly due to fast technology changes of the IT and communication sectors.

Downloads

Download data is not yet available.

References

1. Anriquez, G., Stamoulis, K. (2007): Rural Development and Poverty Reduction: Is Agriculture Still the Key, ESA Working Paper 07-02. The Food and Agriculture Organization of the United Nations.
2. Armstrong, H., Taylor, J. (2000): Regional Economics and Policy, (3rd Edition ed.). Blackwell Publishers. Oxford.
3. Atkinson, G. (1997): Measuring Sustainable Development - Macroeconomics and the Environment, Edward Elgar, Cheltenhan, UK
4. Bardhan, P.K. (1993): Economics of Development and the Development of Economics, J. Economic Perspectivesn Vol. 7, No. 2, pp. 129-142.
5. Begović, B., Vacić, Z., Matković, G., Mijatović, B. (2006): Lokalni ekonomski razvoj, CLDS i SKGO, Beograd.
6. Behrman, J., Srinivasan, T. (1995): Handbook of Development Economics, North Holand, Amsterdam.
7. Brakman S., Garretsen H., Gorter J., Horst van der A., Schramm M. (2005.): New economic geography, empirics and regional policy, CPB Netherlands Bureau for Economic Policy Analysis, CPB Special Publications No. 56. available at: http:// www.cpb.nl/eng/pub/cpbreeksen/bijzonder/56/bijz56.pdf
8. Bryden, J. (2002): Rural development indicators and Diversity in the EU, Eurostat Report.
9.Chenery, H. (1979): Structural change and Development Policy, Oxford University Press for the World Bank, Washington.
10. Cvetanović, S. (1999): Teorija i politika privrednog razvoja, Ekonomski fakultet, Niš.
11. Đorđević, S. (2007): Priručnik za moderno upravljanje lokalnim ekonomskim razvojem, SKGO, Fond za otvoreno društvo, Beograd.
12. Dragutinović, D., Filipović, M., Cvetanović, S. (2005): Teorija privrednog rasta i razvoja, CID, Ekonomski fakultet, Beograd.
13. Eltis, W. (1984): The Clasical Theory of Economic Growth, The Macmillan Pres Ltd. London.
14. Fujita, M., Mori, T. (2005): Frontiers of the New Economic Geography, Discussion paper No. 27, Institute of Developing Economies, available at: http://www.ide. go.jp/English/Publish/Dp/pdf/027_fujita.pdf
15. Herick, B. Kindleberger, Ch. (1984): Economic Development, McGraw Hill.
16. Iacoponi, L., Brunori, G., Rovai, M. (1995): Endogenous development and the agroindustrial district, In: Ploeg, J.D. van der, Dijk, G. Van (Eds.), Beyond Modernisation; the Impact of Endogenous Rural Development. Van Gorcum, Assen, pp. 28–69.
17. Illeris, S. (1993): An inductive theory of regional development, Papers in Regional Science, Vol. 72, No. 2, pp. 113–134.
18. Keane, M. J. ó Cinnéide, M. S. (1986): Promoting economic development amongst rural communities, J. Rural Studies, Vol. 2, No. 4, pp. 281–289.
19. Kolektiv autora (2002 - 2005): Multifunkcionalna poljoprivreda i ruralni razvoj u funkciji uključenja Republike Srbije u Evropsku Uniju,MINT Srbije, Novi Sad.
20. Kolektiv autora (2002 - 2005): Razvoj i strukturne promene agrarne privrede i ruralnih područja,MINT Srbije, Novi Sad.
21. Lowe, P., Murdoch, J., Ward, N. (1995): Networks in rural development beyond exogenous and endogenous models. In: Ploeg, J.D. van der, Dijk, G. van (Eds.), Beyond modernisation; The impact of endogenous rural development. Van Gorcum, Assen, pp. 87–105.
22. Mankiw, G., Romer, D. and Weil, D. (1992): A contribution to the empirics of economic growth, Quarterly Journal of Economics, No. 107, pp.407-437.
23. Mannion, J. (1996): Strategies for local development in rural areas: the bottomup approach, Cork, Paper for the European Conference on Rural Development Rural Europe—Future Perspectives, November 7-9.
24. Musgrave, R. (1973): Teorija javnih finansija, Naučna knjiga, Beograd.
25. Morgan, K. (1997): The learning region: institutions, innovation and regional renewal, J. Regional Studies Association Vol. 31, No. 5, pp.491–503.
26. Myrdal, G. (1957): Economic Theory and Under-Developed Regions, Methuen University Paperbacks. London.
27. Negović, B. i sar.(2006): Lokalni ekonomski razvoj, CLDS, SKGO, Beograd,
28. Picchi, A. (1994): The relations between central and local powers as context for endogenous development, In: Ploeg, J.D. van der, Long, A. (Eds.), Born from within; Practice and Perspectives of Endogenous Rural Development. Van Gorcum, Assen, pp. 195–203.
29. Ranis, G. (2004): The Evolution of Development Thinking: Theory and Policy, paper Annual World Bank Conference on Development Economics, Washington, D.C.
30. Romer, Paul M. (1990): Endogenous Technological Change, Journal of Political Economy, 1990, Vol. 98, pp.71-102.
31. Schumpeter, J. (1961): The Theory of Economic Development, a Galaxy Book, New York.
32. Slee, B. (1993): Endogeniuous Development: A Concept in Search of a Theory, Options Méditerranéennes No. 23.
33. Slee, B. (1993): Strengthening endogenous development patterns in European agriculture options, Méditerranéennes 23.
34. Slee, B. (1994): Theoretical aspects of the study of endogenous development, In: Ploeg, J.D. van der, Long, A. (Eds.), Born from within; Practice and Perspectives of Endogenous Rural Development. Van Gorcum, Assen, pp. 184–194.
35. Stiglitz, J. (1999): Economics of the Public Sector, The third edition, W.W. Norton Company, New York.
36. Storper, M. (1995): The resurgence of regional economies, ten years later: the region as a nexus of untraded interdependencies. European Urban and Rural Studies Vol. 2, No. 3.
37. Thorbecke, E. (1969): The Role of Agriculture in Economic Development, Columbia University Press: New York.
38. Thorbecke, E. (2006): The Evolution of the Development Doctrine 1950-2000, research paper No. 2006/155. World Institute for Development Economics Research. United Nations University.
39. Todaro, M. (1997): Economic Development. Longman, London and New York, p. 70.
40. Turluin, I.J. (2003): Differences in Economic Development in Rural Regions of Advanced Countries: an overview and chritical analysis of theories. J. Rural Studies 19, pp. 327-344.
41. Vasiljević Z., Subić J. (2008): Značaj bottom-up pristupa u planiranju i realizaciji lokalnih regionalnih programa ruralnog poljoprivrednog razvoja u Srbiji. Predavanje po pozivu. Tematski izbornik Savetovanja.