The spatial economy [electronic resource] : cities, regions and international trade / M. Fujita, P. Krugman, A.J. Venables.
- Other records:
- Cambridge, MA : MIT Press, 1999.
1 online resource (382 p.)
- Economic geography.
Space in economics.
- Electronic books.
- 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.
- Originally published: 1999.
Includes bibliographical references and index.
- Krugman, Paul R.
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