Regional development; a comprehensive analysis of key factors
Keywords:
Regional development, foreign investment, transport policy, small businesses, technology transfer.Abstract
Regional development is a process of structural socio-economic and environmental changes, the main objective of which is to improve the well-being of the population of the territory and to reduce social and economic inequality within the framework of the sustainable development approach. The aim of the research is to describe aspects of regional development. For this purpose, a qualitative approach methodology of documentary and descriptive review was used. The data collection technique was a literature search in ScienceDirect databases, and grounded theory was used for data analysis. The main results show that regional development has key aspects, the main ones being foreign direct investment because it provides capital, technology and employment, another is integrated trade logistics, which facilitates imports and exports, support for SMEs with public financing policies and incentive programmes, digitalisation of SMEs, with the adoption of e-commerce in their different processes, and finally, the relationship between universities and companies with the transfer of knowledge and technology. Further research is recommended to study aspects of regional development in border areas
Downloads
References
Al Shaikh, M. E., & Hanaysha, J. R. (2023). A conceptual review on entrepreneurial marketing and business sustainability in small and medium enterprises. World Development Sustainability, 2, 100039. https://doi.org/10.1016/j.wds.2022.100039
Becerra Rodríguez, F., Serna Gómez, H. M., & Clemencia Naranjo Valencia, J. (2013). Redes empresariales locales, investigación y desarrollo e innovación en la empresa. Cluster de herramientas de Caldas, Colombia. Estudios Gerenciales, 29(127), 247-257. https://doi.org/10.1016/j.estger.2013.05.013
Cabra, J. F., & Guerrero, C. D. (2022). Regional creativity: Cultural and socio-economic differences. Journal of Creativity, 32(2), 100022. https://doi.org/10.1016/j.yjoc.2022.100022
Carayannis, E. G., Grigoroudis, E., & Wurth, B. (2022). OR for entrepreneurial ecosystems: A problem-oriented review and agenda. European Journal of Operational Research, 300(3), 791-808. https://doi.org/10.1016/j.ejor.2021.10.030
Carson, D. A., Carson, D. B., & Argent, N. (2022). Cities, hinterlands and disconnected urban-rural development: Perspectives from sparsely populated areas. Journal of Rural Studies, 93, 104-111. https://doi.org/10.1016/j.jrurstud.2022.05.012
Cattaneo, A., Adukia, A., Brown, D. L., Christiaensen, L., Evans, D. K., Haakenstad, A., McMenomy, T., Partridge, M., Vaz, S., & Weiss, D. J. (2022). Economic and social development along the urban–rural continuum: New opportunities to inform policy. World Development, 157, 105941. https://doi.org/10.1016/j.worlddev.2022.105941
Csikós, N., & Tóth, G. (2023). Concepts of agricultural marginal lands and their utilisation: A review. Agricultural Systems, 204, 103560. https://doi.org/10.1016/j.agsy.2022.103560
Deng, X., Wang, Y., & Song, M. (2023). Development Geography for exploring solutions to promote regional development. Geography and Sustainability, 4(1), 49-57. https://doi.org/10.1016/j.geosus.2022.12.003
Fernández Bellver, D., Prados-Peña, M. B., García-López, A. M., & Molina-Moreno, V. (2023). Crafts as a key factor in local development: Bibliometric analysis. Heliyon, 9(1), e13039. https://doi.org/10.1016/j.heliyon.2023.e13039
Ghalib, H., El-Khorazaty, M. T., & Serag, Y. (2021). New capital cities as tools of development and nation-building: Review of Astana and Egypt’s new administrative capital city. Ain Shams Engineering Journal, 12(3), 3405-3409. https://doi.org/10.1016/j.asej.2020.11.014
He, C., Li, C., Geng, X., & Wen, Z. (2022). Research on the influence of digital finance on local economic development. Procedia Computer Science, 202, 385-389. https://doi.org/10.1016/j.procs.2022.04.053
Herrera, J., & de las Heras-Rosas, C. (2020). Economic, Non-Economic and Critical Factors for the Sustainability of Family Firms. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 119. https://doi.org/10.3390/joitmc6040119
Ishikura, T. (2020). Regional economic effects of transport infrastructure development featuring trade gateway region-asymmetric spatial CGE model approach. Transportation Research Procedia, 48, 1750-1765. https://doi.org/10.1016/j.trpro.2020.08.211
Khamuradov, M. (2022). Investment policy in the transport sector and its impact on the economic development of the region. Transportation Research Procedia, 63, 2880-2886. https://doi.org/10.1016/j.trpro.2022.06.335
Kovaleva, I. (2022). The Importance of Integrated Commercial Logistics in the Economic System of Regional Development. Transportation Research Procedia, 61, 12-15. https://doi.org/10.1016/j.trpro.2022.01.003
Lima, J. C. F., Torkomian, A. L. V., Pereira, S. C. F., Oprime, P. C., & Hashiba, L. H. (2021). Socioeconomic Impacts of University–Industry Collaborations–A Systematic Review and Conceptual Model. Journal of Open Innovation: Technology, Market, and Complexity, 7(2), 137. https://doi.org/10.3390/joitmc7020137
Lupiáñez Carrillo, L., López Cózar, C., & Priede Bergamini, T. (2017). El capital intelectual y el capital emprendedor como impulsores del crecimiento económico regional. Cuadernos de Economía, 40(114), 223-235. https://doi.org/10.1016/j.cesjef.2016.09.005
Mazutis, D., & Sweet, L. (2022). The business of accelerating sustainable urban development: A systematic review and synthesis. Journal of Cleaner Production, 357, 131871. https://doi.org/10.1016/j.jclepro.2022.131871
Mihailova, I. (2022). Business model adaptation for realized international scaling of born-digitals. Journal of World Business, 101418. https://doi.org/10.1016/j.jwb.2022.101418
Moutinho, R. F. F. (2016). Absorptive capacity and business model innovation as rapid development strategies for regional growth. Investigación Económica, 75(295), 157-202. https://doi.org/10.1016/j.inveco.2016.03.005
Odei, S. A., & Hamplová, E. (2022). Innovations in small businesses: Do public procurement contracts and intellectual property rights matter? Heliyon, 8(9), e10623. https://doi.org/10.1016/j.heliyon.2022.e10623
Porfírio, J., Felício, J., Carrilho, T., & Jardim, J. (2023). Promoting entrepreneurial intentions from adolescence: The influence of entrepreneurial culture and education. Journal of Business Research, 156, 113521. https://doi.org/10.1016/j.jbusres.2022.113521
Sánchez Tovar, Y., García Fernández, F., & Mendoza Flores, J. E. (2015). La capacidad de innovación y su relación con el emprendimiento en las regiones de México. Estudios Gerenciales, 31(136), 243-252. https://doi.org/10.1016/j.estger.2015.04.001
Silva, P. M., Moutinho, V. F., & Moreira, A. C. (2022). Do social and economic factors affect the technical efficiency in entrepreneurship activities? Evidence from European countries using a two-stage DEA model. Socio-Economic Planning Sciences, 82, 101314. https://doi.org/10.1016/j.seps.2022.101314
Song, H., Tian, W., Wang, Y., & Zhang, Z. (2022). Regional high-quality development evaluation and spatial balance analysis. Procedia Computer Science, 214, 1032-1039. https://doi.org/10.1016/j.procs.2022.11.274
Valentin Mballa, L. (2017). Desarrollo local y microfinanzas como estrategias de atención a las necesidades sociales: Un acercamiento teórico conceptual. Revista Mexicana de Ciencias Políticas y Sociales, 62(229), 101-127. https://doi.org/10.1016/S0185-1918(17)30005-3
Wardana, L. W., Ahmad, Indrawati, A., Maula, F. I., Mahendra, A. M., Fatihin, M. K., Rahma, A., Nafisa, A. F., Putri, A. A., & Narmaditya, B. S. (2023). Do digital literacy and business sustainability matter for creative economy? The role of entrepreneurial attitude. Heliyon, 9(1), e12763. https://doi.org/10.1016/j.heliyon.2022.e12763
Xiong, R., Wan, Q., & Liang, W. (2022). On foreign-invested enterprises’ exit: Economic development or labor market price regulation? China Economic Quarterly International, 2(3), 215-226. https://doi.org/10.1016/j.ceqi.2022.08.006
Yang, Q., Ma, H., Wang, Y., & Lin, L. (2022). Research on the influence mechanism of the digital economy on regional sustainable development. Procedia Computer Science, 202, 178-183. https://doi.org/10.1016/j.procs.2022.04.025
Yeke, S. (2023). Digital intelligence as a partner of emotional intelligence in business administration. Asia Pacific Management Review. https://doi.org/10.1016/j.apmrv.2023.01.001
Zaman, M., Pinglu, C., Hussain, S. I., Ullah, A., & Qian, N. (2021). Does regional integration matter for sustainable economic growth? Fostering the role of FDI, trade openness, IT exports, and capital formation in BRI countries. Heliyon, 7(12), e08559. https://doi.org/10.1016/j.heliyon.2021.e08559
![](https://revistas.uni.edu.py/public/journals/1/submission_363_364_coverImage_es_ES.png)
Published
How to Cite
License
Copyright (c) 2024 Derlis Daniel DUARTE SANCHEZ, Rafaela Guerrero Barreto2
![Creative Commons License](http://i.creativecommons.org/l/by/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Creative Commons Attribution License CC-BY
You are free to:
Share — copy and redistribute the material in any medium or format.
Adapt — remix, transform, and build upon the material for any purpose, including commercially.
Under the following terms:
Attribution — You must give appropriate credit, provide a link to the license, and indicate if any changes have been made. You may do so in any reasonable way, but not in any way that suggests that you or your use is endorsed by the Licensor.