TY - JOUR
T1 - The evolution of regional capitals in Western Australia
T2 - empirical modelling and policy analysis 1984–2014
AU - Plummer, Paul
AU - McKenzie, Fiona Haslam
PY - 2017/9/2
Y1 - 2017/9/2
N2 - There is an emerging international academic and policy-oriented literature that draws on economic evolutionary concepts and resilience thinking. Thus far, the design and implementation of resilience thinking appears to run ahead of clarity and rigorous empirical testing. In this article, we attempt to redress this imbalance by employing contemporary economic models and methods to explore the dynamics of four local economies from diverse locations in Western Australia. These localities have been identified as key regional growth centres by the Western Australian State Government. In the broader context, these localities represent a stress test for concepts developed in a different socio-economic context. The evidence shows that these localities lack resilience, displaying path dependence, with external “shocks” having long-run impacts on their developmental trajectories. Furthermore, there is considerable variability between the four centres in their response to shocks, reinforcing political and popular discourse about the existence of a patchwork economy.
AB - There is an emerging international academic and policy-oriented literature that draws on economic evolutionary concepts and resilience thinking. Thus far, the design and implementation of resilience thinking appears to run ahead of clarity and rigorous empirical testing. In this article, we attempt to redress this imbalance by employing contemporary economic models and methods to explore the dynamics of four local economies from diverse locations in Western Australia. These localities have been identified as key regional growth centres by the Western Australian State Government. In the broader context, these localities represent a stress test for concepts developed in a different socio-economic context. The evidence shows that these localities lack resilience, displaying path dependence, with external “shocks” having long-run impacts on their developmental trajectories. Furthermore, there is considerable variability between the four centres in their response to shocks, reinforcing political and popular discourse about the existence of a patchwork economy.
KW - Ecological Resilience
KW - Engineering resilience
KW - equilibrium
KW - patchwork economy
KW - path dependence
UR - http://www.scopus.com/inward/record.url?scp=85028574331&partnerID=8YFLogxK
U2 - 10.1080/10371656.2017.1364483
DO - 10.1080/10371656.2017.1364483
M3 - Article
AN - SCOPUS:85028574331
VL - 26
SP - 238
EP - 252
JO - Rural Society
JF - Rural Society
SN - 1037-1656
IS - 3
ER -