Economic Geography最新文献

{"title":"Industrial Embeddedness and Regional Economic Resistance in Europe","authors":"Tasos Kitsos, S. Grabner, André Carrascal-Incera","doi":"10.1080/00130095.2023.2174514","DOIUrl":"https://doi.org/10.1080/00130095.2023.2174514","url":null,"abstract":"Abstract We study the role of local industrial embeddedness (the share of regional interindustry economic activity that is anchored to a region) on regional resistance (the difference between pre- and postcrisis employment) to the 2008 Great Recession (GR) in EU and UK NUTS-2 regions. The recession had profound effects in regional economies, which showed diverse performance based on their capacity to absorb the shock. The concept of economic resilience has been brought to the center of attention with several contributions exploring its determinants. However, the impact of the embeddedness of local economic systems in terms of sales and supplies has been largely unexplored. We use regional input–output tables to approximate the embeddedness of local economies, and we use fixed-effects and quantile regressions to test its relationship to regional resistance between 2008 and 2011. We find that during the GR, regional industries opted to change input rather than output markets. Additionally, embeddedness has a curvilinear relationship to regional resistance that varies across the distribution of regional resistance performance. Finally, at the industry level, we find regional embeddedness to be important to the resistance of manufacturing and financial and business services, and sectoral embeddedness to matter more for the resistance of construction and wholesale, retail, and information technology. Our findings highlight nuances that policy makers should be aware of in planning for resilience.","PeriodicalId":48225,"journal":{"name":"Economic Geography","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2023-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42875703","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Homes in High Flats","authors":"G. Rowles, P. Jephcott, Hilary Robinson","doi":"10.2307/142752","DOIUrl":"https://doi.org/10.2307/142752","url":null,"abstract":"","PeriodicalId":48225,"journal":{"name":"Economic Geography","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2023-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2307/142752","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44475489","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"For a New Geography","authors":"Denise Braz, Caroline V. Faria","doi":"10.1080/00130095.2023.2168391","DOIUrl":"https://doi.org/10.1080/00130095.2023.2168391","url":null,"abstract":"ed language, his erasure of real places, and his silence on the racial-gendered foundations of capitalism. Santos wrote much of the book from exile, and it was subject to the censorship of the Brazilian state on his return. Thismay explainwhy somany opportunities Vol. 99 No. 4 2023","PeriodicalId":48225,"journal":{"name":"Economic Geography","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2023-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42107339","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Sustainable Futures—An Agenda for Action","authors":"C. Schulz","doi":"10.1080/00130095.2023.2168393","DOIUrl":"https://doi.org/10.1080/00130095.2023.2168393","url":null,"abstract":"At first glance—and despite the uncontested reputation of its author—the title of this book sounded overambitious if not presumptuous to me. At second glance, which is after a careful and fascinating read of the book, it sounds more ambivalent though. The title is simultaneously understated and overstated. It is understated, since the book provides far more than an agenda for action because only the three last out of nine chapters deal with aims and actions. It builds on a very substantial historic and cross-sectoral analysis of political–economic trajectories that led to the current cumulation of crises. At the same time, it might be perceived as overstated, because the subtitle may raise expectations going beyond what the author suggests in terms of concrete actions and strategies (see further below). The first six chapters not only provide a thoroughly substantiated basis for the author’s argument toward paradigmatic change, this section is also an unedited and compelling synthesis, bringing together interdisciplinary scientific views on nature, societies, and the prevalent economic system. Targeting a wider audience, the author succeeds in combining a readable language with a dense and differentiated account. These introductory chapters present an intriguing and sharp analysis of the driving forces of the mass production system, resulting in rapidly growing inequalities, a ruling plutocracy of powerful corporate actors and lobby groups, and an acceleration of resource depletion, biodiversity loss, climate change, and other negative environmental impacts. Amongst others, he reveals the consequences of planned obsolescence of consumer goods, and challenges the dematerialization hypothesis that he deconstructs as—at best—a mere relative decoupling of resource use and economic growth. Considering mass production as a phasing out paradigm according to Freeman and Perez’s Techno-Economic Paradigm (TEC) nomenclature, he identifies information and communication technologies (ICT) as the prevalent agent of economic change. Only its transformative potential for a more sustainable transition seems undervalued. Whether one adheres or not to the concept of TEC and the idea of an ICT paradigm succeeding industrial mass production, it comes most timely to critically discuss a possible reconciliation of electronic technologies and sustainability imperatives. Undoubtedly, ICT bear a high potential of facilitating more resource efficient ways of production and consumption. However, and although the author repeatedly declines the notion of sole technological fix–oriented approaches, his understanding of ICT reads overly optimistic at times or tends to be superficial at least. This is the case, for example, when praising Uber and similar services as sustainable sharing solutions or when emphasizing robot-based precision farming as the most promising way to make agriculture more environmentally friendly (i.e., through a more efficient use of fertilizers and pesti","PeriodicalId":48225,"journal":{"name":"Economic Geography","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41624894","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Rise of the Rest: How Entrepreneurs in Surprising Places Are Building the New American Dream","authors":"R. Huggins","doi":"10.1080/00130095.2023.2169670","DOIUrl":"https://doi.org/10.1080/00130095.2023.2169670","url":null,"abstract":"The spatial unevenness of rates of entrepreneurship and innovation are an enduring theme within the fi eld of economic geography. More recently, a lack of entrepreneurial and innovative capacity and capability have been identi fi ed as a cause for many cities and regions becoming what are considered by some as left behind places both economically and socially. Although this is rightly the case, the fi eld is still seeking to grapple with establishing plausible and realistic solutions to tackling the long-term problems these cities and regions face. An emerging and potentially powerful stream of research has started to emerge indicating that some so-called left behind places have begun a journey of new path creation based on entrepreneurial endeavor, which has led to the development of new innovative fi rms in growing industries. Nevertheless, much of the literature takes a relatively downbeat approach, suggesting that a small band of winning cities and regions will continue to develop and advance at the expense of the laggards. The Rise of the Rest represents an engaging and enlightening account as to how this zero-sum theory does not necessarily need to be the case and provides a somewhat different philosophical counterweight to some streams of scholarly work. Indeed, The Rise of the Rest is not written by an academic, but rather by Steve Case, the founder of America Online (AOL) and now a leading venture capitalist. The book tells his story as to how he initiated a major venture fi nance program — also called the Rise of the Rest — that has sought to trigger new entrepreneurship and innovation in cities and regions in the US outside the traditional hotspots on the nation ’ s east and west coasts.","PeriodicalId":48225,"journal":{"name":"Economic Geography","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2023-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49140360","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Financial Industry Sets Sights on Institutional Investors: A Relational Approach to Property Investment Outsourcing","authors":"Maira Magnani, D. Sanfelici","doi":"10.1080/00130095.2022.2149487","DOIUrl":"https://doi.org/10.1080/00130095.2022.2149487","url":null,"abstract":"Abstract Over the past few decades, pension funds have emerged as major players in global financial markets as the reserves they manage have grown steadily. In this context, trustees are confronted with acute dilemmas regarding how best to generate investment returns to beneficiaries. This involves crucial decisions regarding the diversification of investment portfolios as well as decisions on whether, when, and to whom to outsource investment functions and tasks. The literature in economic geography has frequently treated outsourcing decisions as taken by the asset owners based on criteria such as costs of coordination, availability of information, governance structure, and internal expertise. Focusing on the outsourcing of property investment by Brazil’s largest pension funds and drawing on a relational approach, this article investigates the actions taken by the real estate investment trust (REIT) industry to attract and retain pension fund money into their investment vehicles. It is claimed that REIT managers have acted on three dimensions to capture pension fund money: (1) by influencing the regulatory framework affecting pension funds, (2) by building networks of trust with pension fund managers and trustees, (3) by adapting internal procedures to the expectations and needs of institutional investors. Putting the spotlight on the evolving, power-laden relationships connecting key actors in finance, we were able to demonstrate how the pooling of money by financial institutions is politically and socially constructed and how it changes the geography of money flows.","PeriodicalId":48225,"journal":{"name":"Economic Geography","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2023-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49520751","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"In Real Estate Investment We Trust: State De-risking and the Ownership of Listed US and German Residential Real Estate Investment Trusts","authors":"M. Aalbers, Zac J. Taylor, Tobias J. Klinge, Rodrigo Fernandez","doi":"10.1080/00130095.2022.2155134","DOIUrl":"https://doi.org/10.1080/00130095.2022.2155134","url":null,"abstract":"Abstract Real estate investment trusts (REITs) have been around since 1960 but have only become major players in housing markets in the last twenty years. The current and ongoing wave of residential REIT (R-REIT) expansion has attracted significant scholarly and broader public interest. This article examines how real estate, finance, and the state are configured in relation to each other through R-REITs. While much of the housing financialization literature has focused on the real estate/state axis of this relationship, we explore the underexamined connections between the real estate/finance axis and the finance/state axis of the real estate–finance–state triangle. We analyze the financial accounts of the world’s fifteen largest publicly traded R-REITs and R-REIT–like funds in the two largest markets: the United States and Germany. Our findings demonstrate how the ownership of R-REIT stock is remarkably homogeneous: the largest shareholders in each of the studied R-REITs are the three largest index exchange-traded funds, which are heavily backed by pension fund capital. For these investors, it is important that R-REITs provide a healthy return on investment at the lowest possible risk. The investors require the state, in its various guises, to guarantee attractive risk-adjusted returns on R-REITs investments. We identify six dimensions of state de-risking in this context, deepening our understanding of the role of the state in housing financialization. It is the state that creates the trust in real estate investment trusts, and it thus is what generates the investment in real estate investment trusts.","PeriodicalId":48225,"journal":{"name":"Economic Geography","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2023-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49095564","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Splitting Up or Dancing Together? Local Institutional Structure and the Performance of Urban Areas","authors":"Marco Di Cataldo, L. Ferranna, Margherita Gerolimetto, S. Magrini","doi":"10.1080/00130095.2022.2130749","DOIUrl":"https://doi.org/10.1080/00130095.2022.2130749","url":null,"abstract":"Abstract This article analyzes institutional changes in local governance structures as determinants of wage premium and innovation capacity of urban areas. By combining individual and metropolitan area data for the US, we study the role of institutional fragmentation, related to the number of local governments operating in an area, and institutional coordination, stemming from the creation of authorities fostering the collaboration of local governments. Our findings suggest that more fragmented institutional landmarks do not benefit the wage competitiveness and innovativeness of urban areas. If anything, they harm them. Conversely, stronger coordination among local governments boosts the productivity of functional regions by increasing their wage premium and improving their capacity to innovate. Coordination agreements between different counties or municipalities are especially relevant in the case of urban areas modifying their functional borders over time. These findings provide key insights into the economic effects of reforming the governance structure of metropolitan areas.","PeriodicalId":48225,"journal":{"name":"Economic Geography","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44382364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Volume 98 Annual Contents","authors":"","doi":"10.1080/00130095.2023.2157583","DOIUrl":"https://doi.org/10.1080/00130095.2023.2157583","url":null,"abstract":"","PeriodicalId":48225,"journal":{"name":"Economic Geography","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44551394","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"2021—2022 Reviewers (August 1, 2021 to July 31, 2022)","authors":"","doi":"10.1080/00130095.2022.2154510","DOIUrl":"https://doi.org/10.1080/00130095.2022.2154510","url":null,"abstract":"","PeriodicalId":48225,"journal":{"name":"Economic Geography","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45068370","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}