Abstract
A descriptive model of economic development is a long-run framework for enhancing production factors through a supportable economic development infrastructure contributing and exploiting physical and human technological innovations. When supportable, the developmental impact results in a per capita increase with demand for goods and services changes as income increases. The structure of the labor shifts to a greater skilled and technological demanded workforce therefore contributing greater innovation in a reinforced economic development model. Costs and regulations, quality of life, innovation or competitiveness, and constitutional/institutional framework underlie an economic development infrastructure focusing upon Pennsylvania for any gaps to supportability.
Recommended Citation
ARMSTRONG, THOMAS O.
(2022)
"DESCRIPTIVE MODEL OF ECONOMIC DEVELOPMENT,"
Pennsylvania Economic Review: Vol. 29:
No.
1, Article 1.
DOI: https://doi.org/10.65193/3067-8080.1036