Contrasts in Cumulative Causation : Its Eclectic Conceptual Foundations and Main Derivative Features
This paper evaluates the basic principles of the cumulative causation concept and why it is thus vital to our understanding of uneven regional development and its impact on economic geography. Moreover, this paper examines how it differs from different mechanisms that plan to interpret how unequal regional development is increased. Additionally to it, this paper unravels the key features derived from the cumulative causation phenomenon: path dependence and uneven economic development. Finally, by illustrating the roots of the various schools of definitions, comparing the various approaches to economic geography, primarily the neoclassical approach, Keynesian approach, geographical social science, institutional approach, and evolutionary approach, this paper argues that cumulative causation contains a theoretical foundation in Keynesianism, given that Myrdal, Kaldor, and others who first applied the idea in regional economic development were, broadly speaking, Keynesian. However, it really is a hybrid concept about a mechanism compatible with other theoretical foundations