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A Catastrophe Theory Of Urbanization: Formalization And Testing

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  • Emilio Casetti

Abstract

ABSTRACT The urbanization dynamic has been characterized by the persistence of very low urban populations in pre‐modern societies, followed by a dramatic increase in the rate of urbanization during what Kuznets called “modern economic growth,” in turn followed by a slowdown in the rates of urbanization in mature societies as the percent urban approaches the high nineties. This dynamic can be produced by the transition from a low level stable equilibrium to a high level stable equilibrium corresponding to a cusp catastrophe. In this paper, an economic theory yielding this type of dynamic is discussed, formalized, and then successfully tested using empirical data.

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  • Emilio Casetti, 1993. "A Catastrophe Theory Of Urbanization: Formalization And Testing," Papers in Regional Science, Wiley Blackwell, vol. 72(3), pages 203-220, July.
    • Handle: RePEc:bla:presci:v:72:y:1993:i:3:p:203-220
    DOI: 10.1111/j.1435-5597.1993.tb01873.x
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