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The new economic geography versus urban economics : an evaluation using local wage rates in Great Britain

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Bernard Fingleton ()

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Abstract

This paper tests two competing models, one deriving from new economic geography theory (NEG) emphasising varying market potential, the other with a basis in urban economics theory (UE) in which the main emphasis is on producer service linkages. Using wage rate variations across small regions of Great Britain, the paper finds that, taking commuting into account, it is UE theory rather than NEG theory that has explanatory power. However since the two hypotheses are non-nested, the evaluation of the competing hypotheses is difficult and therefore the conclusions are provisional. Nevertheless this paper provides evidence that we should be cautious about the ability of NEG to work at all levels of spatial resolution, and re-emphasises the need to focus on supply-side variations in producer services inputs and labour efficiency variations, including the role of commuting, in local economic analysis.

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Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa04p638.

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Date of creation: Aug 2004
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Handle: RePEc:wiw:wiwrsa:ersa04p638

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  1. Michael Pfaffermayr, 2007. "Conditional Beta- and Sigma-Convergence in Space: A Maximum Likelihood Approach," Working Papers 2007-17, Faculty of Economics and Statistics, University of Innsbruck. [Downloadable!]
    Other versions:
  2. Bernard Fingleton, 2005. "Towards applied geographical economics: modelling relative wage rates, incomes and prices for the regions of Great Britain," Applied Economics, Taylor and Francis Journals, vol. 37(21), pages 2417-2428, December. [Downloadable!] (restricted)
  3. Reinhold Kosfeld & Hans-Friedrich Eckey & Matthias Türck, 2005. "New Economic Geography and Regional Price Level," Discussion Papers in Economics 78/05, University of Kassel, Institute of Economics. [Downloadable!]
  4. Steven Brakman & Harry Garretsen, 2009. "Trade and Geography: Paul Krugman and the 2008 Nobel Prize in Economics," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  5. Steven Brakman & Harry Garretsen & Charles van Marrewijk, 2009. "Economic Geography within and between European Nations: The Role of Market Potential and Density across Space and Time," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  6. Leonardo Monasterio & Mauro Salvo, 2006. "Wages and Industrial Clusters in Rio Grande Do Sul (Brazil)," ERSA conference papers ersa06p930, European Regional Science Association. [Downloadable!]
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