By Pierre-Philippe Combes
Economic Geography is the main entire, updated textbook to be had at the vital new box of spatial economics. This booklet fills a niche by means of delivering complicated undergraduate and graduate scholars with the most recent examine and methodologies in an obtainable and entire method. it's an critical reference for researchers in fiscal geography, nearby and concrete economics, foreign alternate, and utilized econometrics, and will function a source for economists in government.
Economic Geography provides advances in monetary concept that specify why, regardless of the expanding mobility of commodities, principles, and other people, the diffusion of monetary job is particularly unequal and continues to be agglomerated in a constrained variety of spatial entities. The e-book enhances theoretical research with specific discussions of the empirics of the economics of agglomeration, providing a mixture of theoretical and empirical learn that offers a special viewpoint on spatial disparities. It finds how situation maintains to subject for alternate and monetary improvement, but how monetary integration is reworking the worldwide economic climate into an financial house during which actions are played inside of huge metropolitan components replacing items, abilities, and data. Economic Geography examines the longer term implications of this evolution within the spatial economic system and relates them to different significant social and fiscal trends.
- Provides a whole advent to fiscal geography
- Explains the newest thought and methodologies
- Covers the empirics of agglomeration, from spatial focus size to structural estimations of financial geography versions
- Includes background and heritage of the sector
- Serves as a textbook for college students and a source for professionals
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Extra resources for Economic geography : the integration of regions and nations
But, most important of all, he regarded this state of aﬀairs as normal, certain, and permanent, except in the direction of further improvement, and any deviation from it as aberrant, scandalous, and avoidable. Keynes (1919, p. 4) 10 1. 2 Motorization of Transport and Urbanization The second feature marking the economic development of Europe is the almost perfect synchronization of the Industrial Revolution and urbanization due mainly to the advent of motorized transportation (steamboats, railroads, and ﬁnally automobiles).
Hence, ﬁrms’ choices of location and price must be modeled as a noncooperative game. 4 The model of spatial competition encompasses a wide array of interpretations because it captures in a simple and intuitive way the fundamental idea of heterogeneity across agents (Rosen 2002). However, the fact that this model quickly becomes hard to handle once we deviate from simple assumptions probably explains why it has been neglected in recent developments in economic geography. 3 The Burden of Modeling Constraints In this section, we are going to see that increasing returns and imperfect competition must be combined for a relevant integration of space into 3 In this chapter, we talk only about transport costs, but everything also holds true for trade costs.
Today, it is often presented as an illustration of a more general principle stating that economic agents strive to diﬀerentiate themselves from each other. The model of spatial competition can be summarized as follows (see chapter 9 for more details). The market for a good, which is homogeneous in every respect except its place of sale, is formed of consumers whose individual demand is equal to a single unit. These consumers are assumed to be distributed uniformly along a straight line—let us call it Main Street.