The Spatial Economy Cities, Regions, and International Trade
- Binding: Hardcover
- Publisher: Mit Pr
- Publish date: 06/01/1999
Description:
Since 1990 there has been a surge of theoretical and empirical work on the spatial aspects of the economy -- that is, where economic activity occurs and why. Using new modeling techniques developed to analyze industrial organization, international trade, and economic growth -- this "new economic geography" has emerged as one of the most exciting areas of contemporary economics.
Expand description
The authors show how seemingly disparate models reflect a few basic themes, and in so doing they develop a common "grammar" for discussing a variety of issues. They show how an approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to issues in urban, regional, and international economics. This book is the first to provide a sound and unified explanation of the existence of large economic agglomerations at various spatial scales.
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