Entrepreneurial Policy: The Case of Regional Specialization vs. Spontaneous Industrial Diversity

20 Pages Posted: 27 Aug 2008

See all articles by Pierre Desrochers

Pierre Desrochers

University of Toronto - Department of Geography; PERC - Property and Environment Research Center

Frederic Sautet

The Catholic University of America (CUA) - Busch School of Business

Abstract

Regional economic development policy is recognized as a key tool governments use to foster economic prosperity. Whether specialization (or diversity) of economic activities should be a regional development policy goal is often debated. We address this question in a local-diversity context, by reviewing traditional arguments in its favor, supplemented with evidence for more entrepreneurial concepts like industrial symbiosis and Jacobs externalities. We show that the context of entrepreneurship matters more to policy than the type and form of resulting industries. Policies enabling entrepreneurs to exploit opportunities in a context of spontaneously evolved industrial diversity are better facilitators of regional development.

Suggested Citation

Desrochers, Pierre and Sautet, Frederic E., Entrepreneurial Policy: The Case of Regional Specialization vs. Spontaneous Industrial Diversity. Entrepreneurship Theory and Practice, Vol. 32, No. 5, pp. 813-832, September 2008, Available at SSRN: https://ssrn.com/abstract=1248404 or http://dx.doi.org/10.1111/j.1540-6520.2008.00257.x

Pierre Desrochers

University of Toronto - Department of Geography ( email )

Mississauga, Ontario
Canada
(905) 828-5206 (Phone)
(905) 828-5273 (Fax)

HOME PAGE: http://eratos.erin.utoronto.ca/desrochers/

PERC - Property and Environment Research Center

2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

Frederic E. Sautet

The Catholic University of America (CUA) - Busch School of Business ( email )

Maloney Hall
620 Michigan Ave, NE
Washington, DC 20064
United States

HOME PAGE: http://business.cua.edu/faculty/sautet.cfm

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