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Spatial economy: high-tech glossary or new regional economics?

Author

Listed:
  • Ricardo Machado Ruiz

    () (Universidade Federal de Minas Gerais - UFMG)

Abstract

"The Spatial Economy Cities, Regions and International Trade", by Masahisa Fujita, Paul Krugman and Anthony J. Venables, has been seen as the best synthesis of the so-called new economic geography. The purpose of this paper is twofold: first, to review the book; and second, to place it in the current debate on regional economics. The first part of the paper is a brief introduction that situates the book in the history of regional economics. In the second part, a description and analysis of the basic models, their variations and applications are presented. The debate on regional economics concerning the theory proposed in the book is in the third part. Two aspects are stressed: the criticisms on the core-periphery model and how it incorporates regional diversity The fourth topic is a critical assessment of the achievements and originality of the new economic geography analysis.

Suggested Citation

  • Ricardo Machado Ruiz, 2001. "Spatial economy: high-tech glossary or new regional economics?," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 11(1), pages 9-36, July.
  • Handle: RePEc:nov:artigo:v:11:y:2001:i:1:p:9-36
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    File URL: http://www.face.ufmg.br/novaeconomia/sumarios/v11n1/RICARDO.PDF
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    References listed on IDEAS

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    1. Chenery, Hollis B, 1975. "The Structuralist Approach to Development Policy," American Economic Review, American Economic Association, vol. 65(2), pages 310-316, May.
    2. Krugman, Paul & Elizondo, Raul Livas, 1996. "Trade policy and the Third World metropolis," Journal of Development Economics, Elsevier, vol. 49(1), pages 137-150, April.
    3. Henderson, J V, 1974. "The Sizes and Types of Cities," American Economic Review, American Economic Association, vol. 64(4), pages 640-656, September.
    4. Gilles Duranton & Diego Puga, 2000. "Diversity and Specialisation in Cities: Why, Where and When Does it Matter?," Urban Studies, Urban Studies Journal Limited, vol. 37(3), pages 533-555, March.
    5. Martin, Ron, 1999. "The New 'Geographical Turn' in Economics: Some Critical Reflections," Cambridge Journal of Economics, Oxford University Press, vol. 23(1), pages 65-91, January.
    6. Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June.
    7. J.Peter Neary, 2001. "Of Hype and Hyperbolas: Introducing the New Economic Geography," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 536-561, June.
    8. Walter Isard, 1999. "Further thoughts on future directions for regional science: A response to Fujita's remarks on the general theory of location and space-economy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 33(4), pages 383-388.
    9. Prebisch, Raúl, 1950. "The economic development of Latin America and its principal problems," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 29973, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    10. Scott, Allen J, 2000. "Economic Geography: The Great Half-Century," Cambridge Journal of Economics, Oxford University Press, vol. 24(4), pages 483-504, July.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    regional economics; economic geography; industrial agglomerations; monopolistic competition;

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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