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Geographic Concentration of Economic Activities in Aburrá Sur in Antioquia (Colombia) — A Reinterpretation of the Industrialisation Coefficients of the Stochastic Independence Approach

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Title: Geographic Concentration of Economic Activities in Aburrá Sur in Antioquia (Colombia) — A Reinterpretation of the Industrialisation Coefficients of the Stochastic Independence Approach
Authors: R. N. Henao, I. C. B. Hinestroza, A.A.L. Pineda
Source: Экономика региона, Vol 18, Iss 1 (2022)
Publisher Information: Institute of Economics of the Ural Branch of the RAS, 2022.
Publication Year: 2022
Subject Terms: LOCAL ECONOMIC DEVELOPMENT, SMART SPECIALISATION, 12. Responsible consumption, Regional economics. Space in economics, ТЕРРИТОРИАЛЬНАЯ ЛОКАЛИЗАЦИЯ, BUSINESS COMPETITIVENESS, 11. Sustainability, ECONOMIC GEOGRAPHY, PUBLIC POLICIES, КОНКУРЕНТОСПОСОБНОСТЬ БИЗНЕСА, ТЕРРИТОРИАЛЬНАЯ ПРОИЗВОДИТЕЛЬНОСТЬ, АБУРРА СУР, ТЕРРИТОРИАЛЬНАЯ КОНЦЕНТРАЦИЯ, ABURRA SUR, STOCHASTIC INDEPENDENCE APPROACH, ЭКОНОМИЧЕСКОЕ РАЗВИТИЕ ТЕРРИТОРИЙ, 2. Zero hunger, УМНАЯ СПЕЦИАЛИЗАЦИЯ, TERRITORIAL PRODUCTIVITY, 9. Industry and infrastructure, 1. No poverty, ЭКОНОМИЧЕСКАЯ ГЕОГРАФИЯ, 15. Life on land, 16. Peace & justice, ПОДХОД СТОХАСТИЧЕСКОЙ НЕЗАВИСИМОСТИ, HT388, 8. Economic growth, TERRITORIAL LOCALISATION, ГОСУДАРСТВЕННАЯ ПОЛИТИКА, TERRITORIAL CONCENTRATION, local economic development, public policies, business competitiveness, territorial localisation, territorial productivity, Aburrá Sur, economic geography, Stochastic Independence Approach, territorial concentration, smart specialisation
Description: In terms of economic geography, spatial and industrial concentration represents an increasingly important input for the design of public policies that foster local economic development and productive transformation of a territory. This analysis aims to identify the geographic concentration indices of different sectors in which the economic activity is distributed in each of the five municipalities that are part of the territorial agglomeration of Aburrá Sur in the department of Antioquia (Colombia). The methodology is based on a reinterpretation of the industrialisation coefficients used in the stochastic independence approach, which explains the divergences between specialisation levels of production and geographical concentration by using entropy indices that consider the reference distribution as uniform distribution, as is the case with maximum dispersion. We start from the hypothesis that in the municipalities belonging to the Aburrá Sur predominates the high concentration in the manufacturing industry, although some of them could have medium and even low concentration because they have different sector indicators. Results show that the manufacturing industry is the most concentrated sector in the territorial agglomeration. The research findings can be used by political and economic actors in the territory for designing strategies and decision-making on sectoral strategic development commitments.
Document Type: Article
File Description: application/pdf
ISSN: 2411-1406
2072-6414
DOI: 10.17059/ekon.reg.2022-1-5
Access URL: https://doaj.org/article/ff8c1cfadd504a5da955d9e9025b2900
http://elar.urfu.ru/handle/10995/114366
Rights: CC BY
Accession Number: edsair.doi.dedup.....f6a975271e9261373bddec2adb2a7c1d
Database: OpenAIRE
Description
Abstract:In terms of economic geography, spatial and industrial concentration represents an increasingly important input for the design of public policies that foster local economic development and productive transformation of a territory. This analysis aims to identify the geographic concentration indices of different sectors in which the economic activity is distributed in each of the five municipalities that are part of the territorial agglomeration of Aburrá Sur in the department of Antioquia (Colombia). The methodology is based on a reinterpretation of the industrialisation coefficients used in the stochastic independence approach, which explains the divergences between specialisation levels of production and geographical concentration by using entropy indices that consider the reference distribution as uniform distribution, as is the case with maximum dispersion. We start from the hypothesis that in the municipalities belonging to the Aburrá Sur predominates the high concentration in the manufacturing industry, although some of them could have medium and even low concentration because they have different sector indicators. Results show that the manufacturing industry is the most concentrated sector in the territorial agglomeration. The research findings can be used by political and economic actors in the territory for designing strategies and decision-making on sectoral strategic development commitments.
ISSN:24111406
20726414
DOI:10.17059/ekon.reg.2022-1-5