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The New Economic Geography framework supports the idea that economic integration plays an important role in explaining urban concentration. By using Fujita et al. (1999) as a theoretical motivation, and information on the 5 most important cities of 84 countries, we find that the size of main...
Persistent link: https://www.econbiz.de/10015218713
In 2008, Paul Krugman from Princeton University was awarded the Nobel Prize in Economic Sciences by the Central Bank of Sweden, for his “analysis of trade patterns and location of economic activity”. In this paper we survey the literature, known as the New Economic Geography (NEG), launched...
Persistent link: https://www.econbiz.de/10015218746
We provide an analytical approach that facilitates understanding the bifurcation mechanism of a wide class of economic models involving spatial agglomeration of economic activities. The proposed method overcomes the limitations of the Turing (1952) approach that has been used to analyze the...
Persistent link: https://www.econbiz.de/10015221030
Harris and Wilson (1978)’s retail location model is one of the pioneering works in regional sciences on the combination of the “fast” and “slow” dynamic describing spatial pattern formation processes in the economic landscape, which is a current well-established modeling technique....
Persistent link: https://www.econbiz.de/10015249816
Harris and Wilson (1978)’s retail location model is one of the pioneering works in regional sciences. This model considers the combination of the “fast” and “slow” dynamics to describe spontaneous spatial pattern formation processes in the economic landscape. Although the model was...
Persistent link: https://www.econbiz.de/10015251741
The New Economic Geography (NEG) provides a historical explanation for the spatial agglomeration of economic activity. One of its predictions, the ‘wage equation’, relates regional income to market accessibility. Although the NEG is a long-term theory, empirical literature has tested it...
Persistent link: https://www.econbiz.de/10015214096
The New Economic Geography (NEG) provides a historical explanation for the spatial agglomeration of economic activity. One of its predictions, the ‘wage equation’, relates regional income to market accessibility. Although the NEG is a long-term theory, empirical literature has tested it...
Persistent link: https://www.econbiz.de/10015214138
The New Economic Geography (NEG) provides a historical explanation for the spatial agglomeration of economic activity. One of its predictions, the ‘wage equation’, relates regional income to market accessibility. Although the NEG is a long-term theory, empirical literature has tested it...
Persistent link: https://www.econbiz.de/10015214143
The New Economic Geography (NEG) provides a historical explanation for the spatial agglomeration of economic activity. One of its predictions, the ‘wage equation’, relates regional income to market accessibility. Although the NEG is a long-term theory, empirical literature has tested it...
Persistent link: https://www.econbiz.de/10015214596
The New Economic Geography (NEG) provides a historical explanation for the spatial agglomeration of economic activity. One of its predictions, the ‘wage equation’, relates regional income to market accessibility. Although the NEG is a long-term theory, empirical literature has tested it...
Persistent link: https://www.econbiz.de/10015214597