On Spatial Dynamics
AbstractIt has long been recognized that the forces that lead to the agglomeration of economic activity and to aggregate growth are similar. Unfortunately, few formal frameworks have been advanced to explore this link. We critically discuss the literature and present a simple framework that can circumvent some of the main obstacles we identify. We discuss the main characteristics of an equilibrium allocation in this dynamic spatial framework, present a numerical example to illustrate the forces at work, and provide some supporting empirical evidence. Copyright (c) 2009, Wiley Periodicals, Inc.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Regional Science.
Volume (Year): 50 (2010)
Issue (Month): 1 ()
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- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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