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

  • Ricardo Machado Ruiz

    ()

    (Universidade Federal de Minas Gerais - UFMG)

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    "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.

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    Article provided by Economics Department, Universidade Federal de Minas Gerais (Brazil) in its journal Nova Economia.

    Volume (Year): 11 (2001)
    Issue (Month): 1 (July)
    Pages: 9-36

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    Handle: RePEc:nov:artigo:v:11:y:2001:i:1:p:9-36
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    1. 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.
    2. Chenery, Hollis B, 1975. "The Structuralist Approach to Development Policy," American Economic Review, American Economic Association, vol. 65(2), pages 310-16, May.
    3. Duranton, Gilles & Puga, Diego, 1999. "Diversity and Specialization in Cities: Why, Where and When Does It Matter?," CEPR Discussion Papers 2256, C.E.P.R. Discussion Papers.
    4. 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, vol. 33(4), pages 383-388.
    5. 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.
    6. Scott, Allen J, 2000. "Economic Geography: The Great Half-Century," Cambridge Journal of Economics, Oxford University Press, vol. 24(4), pages 483-504, July.
    7. J.V. Henderson, 1972. "The Sizes and Types of Cities," Working Papers 75, Queen's University, Department of Economics.
    8. 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.
    9. 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.
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