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Contemporary literature on local and regional economic development (LRED) in the United States is predominantly empirical and pragmatic, focusing on the conduct and efficacy of economic development policy. While this work is valuable in evaluating the detailed operation of LRED activity, the broader conceptual foundations which underlay economic development practice have been underplayed. We reflect on research and writing around LRED in the U.S. and address some key conceptual and theoretical limitations. We call for a stronger focus on contextualization and set out a theoretical approach grounded in regulationist insights which offers significant advances in theorizing U.S. LRED.

Creative and qualified self-employed individuals contribute to economic growth by inventing new products, production processes, distribution methods and employing other people. Researchers are interested in self-employment if it can provide jobs to the unemployed population and also for those who face job discrimination. However, increase in self-employment is uncertain because entrepreneurial skills are assumed to be risky and self-employed workers can learn their skills gradually after starting their businesses. Economists pay special attention to finding the conceptual relationship between entrepreneurship as self-employment and economic development. Furthermore, studies show that the process of entrepreneurship has significant spatial autocorrelation and affects neighboring counties. Thus, the objective of this study is to identify and estimate the spatial impacts of self-employment in the economic development of the northeastern United States. The study expects to provide policy makers with vital information for policy measures designed for economic development. The study uses the Spatial Durbin Model (SDM) to estimate the relationship of employment, population and per capita income against self-employment. The results indicate that employment and population are positively linked to self-employment. Also, results highlight the positive contribution of self-employment on rural economic development.

Regional economic development has experienced considerable dynamism over recent years. Perhaps the most notable cases were the rise of China and India to emergent country status by the turn of the millennium. With time now for hindsight, this book identifies some of the key forces behind these development successes, namely agglomeration, clusters and entrepreneurship. The expert contributors explore these three forces, which form the basis of much scholarly work in new economic geography and endogenous growth theory and policy. Here, academics from across Europe, North America, Asia and Australia consider the role of agglomeration, clusters and entrepreneurship in regional economic development within a global market context. The book presents solid conceptual and methodological contributions to the growing body of knowledge that extends these theoretical concepts, and prescribes policy and practical applications. Relevant case studies underpin the detailed empirical analyses. Academics, students, researchers and policymakers in the fields of entrepreneurship, regional development and regional science will find this book to be an enlightening read