The spatial economy : cities, regions, and international trade / Masahisa Fujita, Paul Krugman, Anthony J. Venables.

9780262273329 (electronic bk.)
0262273322 (electronic bk.)

Cambridge, Mass. ; London : MIT Press, 2001.

English

1 online resource (xiii, 367 pages) : illustrations

HF1025 .F85 2001

330.9

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.

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