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Regional Policy in the Global Economy: Insights from New Economic Geography

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  • Gianmarco Ottaviano

Abstract

O TTAVIANO G. I. P. (2003) Regional policy in the global economy: insights from new economic geography, Reg. Studies 37 , 665-673. So far the contribution of new economic geography (NEG) has been mainly positive. Normative analysis and policy implications have lagged behind. The reason is the fear of the consequences of taking too literally the neat structure of the models. In this respect the somewhat incautious aim of this paper is precisely to take NEG models literally and ask what their exact policy implications are. This is viewed as a necessary though preliminary step towards bringing NEG insights to the policy domain. O TTAVIANO G. I. P. (2003) La politique regionale au sein de la mondialisation economqiue: des apercus de la Nouvelle Geographie Economique, Reg. Studies 37 , 665-673. Jusqu'ici, la contribution de la Nouvelle Geographie Economique (NGE) s'est averee essentiellement positive. L'anlayse normative et les retombees pour la politique ont du retard. Cela s'explique par la peur des consequences de prendre au pied de la lettre la structure bien ordonnee des modeles. Avec cette idee en tete, le but quelque peu irreflechi de cet article c'est precisement de prendre au pied de la lettre les modeles de la NGE et de remettre en question leurs retombees pour ce qui est de la politique. On le considere comme une demarche a la fois necessaire et prealable a l'introduction des apercus de la NGE dans le domaine de la politique. O TTAVIANO G. I. P. (2003) Regionalpolitik in der globalen Wirtschaft: Einsichten vom Standpunkt der Neuen Wirtschaftsgeographie, Reg. Studies 37 , 665-673. Bisher ist der Beitrag der Neuen Wirtschaftsgeographie (New Economic Geography=NEG) vorwiegend positiv ausgefallen. Normative Analyse und Implikationen der Bestrebungen sind zuruckgeblieben. Der Grund dafur ist die Befurchtung der Folgen, die eine zu wortliche Auffassung der tadellosen Struktur des Modells nach sich ziehen konnte. In dieser Hinsicht ist das etwas unvorsichtige Ziel dieses Aufsatzes genau dies: NEG Modelle wortlich zu nehmen, und die Frage aufzuwerfen, was die exakten Implikationen der Bestrebungen sind. Dies wird als notwendiger, obschon vorlaufiger Schritt in Richtung Einfuhrung von NEG Einsichten in den Bereich der Grundsatze angesehen.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Regional Studies.

Volume (Year): 37 (2003)
Issue (Month): 6-7 ()
Pages: 665-673

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Handle: RePEc:taf:regstd:v:37:y:2003:i:6-7:p:665-673

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Related research

Keywords: Economic Integration; Increasing Returns To Scale; Market Power; Pecuniary Externalities; Regional Policy; Spatial Economics;

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References

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  1. Baldwin, Richard E. & Martin, Philippe & Ottaviano, Gianmarco I.P., 1998. "Global Income Divergence, Trade and Industrialisation: The Geography of Growth Take-Offs," Working Paper Series 496, Research Institute of Industrial Economics.
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    • Martin, Philippe & Ottaviano, Gianmarco I P, 2001. "Growth and Agglomeration," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(4), pages 947-68, November.
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