The Spatial Economy: Cities, Regions, and International Trade
The authors show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics.
Since 1990 there has been a renaissance of theoretical and empirical work on the spatial aspects of the economy — that is, where economic activity occurs and why. Using new tools — in particular, 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.
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 a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of 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.
- Author
- Masahisa Fujita, Paul Krugman
- Format
- paperback
- Pages
- 384
- Publisher
- MIT Press
- Language
- english
- ISBN
- 9780262561471
- Genres
- economics, cities
- Release date
- 2001
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