publication . Article . 2013

TROUBLING TIMES-THE GFC AND ITS IMPLICATIONS FOR REGIONAL PERFORMANCE. PART TWO: AUSTRALIA

Robert J. Stimson;
Open Access
  • Published: 01 Jan 2013 Journal: Romanian Journal of Regional Science, volume 7, issue 1 JUNE, pages 1-16
Abstract
The Global Financial Crisis (GFC) was a profound exogenous shock which has had profound impacts the performance of national economies and the regions within them. The differential outcomes are vast. In many parts of the world there is evidence of what is being referred to as the ‘two-speed’ economy - or even a ‘multi-speed’ - economy. This has implications for regional economic development theory in which, over the last two to three decades, there has been an increasing emphasis on endogenous growth with much of the emphasis in regional policy focusing on the roles of leadership and institutional factors to harness improved capability for regions to better utili...
Subjects
free text keywords: Regional Development; Endogenous Factors; Exogenous Factors; Global Financial Crisis, jel:R11, jel:R58
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