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Urban crisis vs. urban success in the era of 4.0 technologies: Baumol's model revisited

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  • Roberto Camagni
  • Roberta Capello
  • Camilla Lenzi
  • Giovanni Perucca

Abstract

The advent of 4.0 technologies allows a footloose location for firms and people, apparently suggesting a “flat world.” In this perspective, cities lose their attractiveness and undergo an urban decline. The aim of this paper is to reflect on urban growth opportunities provided by 4.0 technologies, detaching the analysis from a narrative and speculative explanation. The paper revisits the well‐known Baumol model on urban crisis, and all its criticisms and refinements, introducing the adoption of digital technologies in the theoretical reasoning. Expectations arise in favour of a re‐launch of urban economies in a spatial income distribution setting. An econometric analysis on Italian provinces proves the validity of the expectations. La aparición de las tecnologías 4.0 permite una localización sin ataduras de las empresas y las personas, lo que sugiere aparentemente la existencia de un “mundo plano”. Desde esta perspectiva, las ciudades pierden su atractivo y experimentan un declive urbano. El objetivo de este artículo es reflexionar sobre las oportunidades de crecimiento urbano que brindan las tecnologías 4.0, desvinculando el análisis de una explicación narrativa y especulativa. El artículo revisa el conocido modelo de Baumol sobre la crisis urbana, así como todas sus críticas y perfeccionamientos, e introduce la adopción de las tecnologías digitales en el razonamiento teórico. Surgen expectativas a favor de un relanzamiento de las economías urbanas en un contexto de distribución espacial de la renta. Un análisis econométrico sobre las provincias italianas demuestra la validez de las expectativas. 4.0テクノロジーの出現により、企業や人々のフットルースな立地行動が可能となり、これが「フラット化した世界」を示唆しているように考えられる。こうした観点からでは、都市はその魅力を失い、そして衰退を迎えることになる。本稿の目的は、物語的かつ思弁的な説明から分析を切り離し、4.0テクノロジーによって提供される都市の成長機会について熟考することである。本稿では、よく知られた都市危機に関するボーモル(Baumol)モデルと、それに対するすべての批判と改良すべき点を再考し、理論的推論にデジタル技術を採用することを紹介する。空間的な所得分布の設定における都市経済の再生を支持する期待が生じる。イタリアの州の計量経済学的分析から、期待の妥当性が示される。

Suggested Citation

  • Roberto Camagni & Roberta Capello & Camilla Lenzi & Giovanni Perucca, 2023. "Urban crisis vs. urban success in the era of 4.0 technologies: Baumol's model revisited," Papers in Regional Science, Wiley Blackwell, vol. 102(3), pages 589-612, June.
  • Handle: RePEc:bla:presci:v:102:y:2023:i:3:p:589-612
    DOI: 10.1111/pirs.12729
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