Search results
Results From The WOW.Com Content Network
Local economic development (LED) is an approach to economic development, of note in the developing world that, as its name implies, places importance on activities in and by cities, districts and regions. Local economic development combines economic development activities, urban planning, infrastructure development and social development ...
Community-based economics or community economics is an economic system that encourages local substitution. It is similar to the lifeways of those practicing voluntary simplicity , including traditional Mennonite , Amish , and modern eco-village communities.
The local development approach considers the endogenous potentialities of territories. Economic and non economic factors influence local development processes. Among the non economic factors, social, cultural, historical, institutional, and geographical aspects can be decisive in the process of local economic development. [3]
Economic development has existed even at a basic level since the earliest recorded communities. However, in the US and several other countries, the concept of community economic development emerged "in response to tenacious poverty and the need for affordable housing, good jobs, affordable health care and quality of life matters needed for human existence."
A more conservative measure of economic activity is the value added impact, which estimates the increase in the study region's gross regional product. The gross regional product (GRP) is very similar to the nation's gross domestic product (GDP), and represents the total size of the local economy. This impact estimates the increase in local ...
The IMPLAN input-output model is a quantitative economic software, technique, or data that facilitates analysis of spending. [1] This analytic tool, created by the U.S. Forest Service and the University of Minnesota, uses the Bureau of Economic Analysis (BEA) input-output criterion combined with other data to compile tables that identify cash flows between different sectors of the economy.
Local currency has been in the news most, with journalists citing the Berkshares in Massachusetts, and the Ithaca Hours in Ithaca, New York. Beyond these salient examples, there are thousands of local currencies all over the world. [2] Fiscal localism is rooted in the concept of decentralization. The creation and maintenance of a regional ...
Local Economy is a peer-reviewed academic journal publishing papers on local economic development. The journal is published by SAGE Publications in association with the Local Economy Policy Unit (London South Bank University). The editor-in-chief is Andrew Jones (London South Bank University). The journal was established in 1986 and is ...