IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Agglomeration Economies, Regional Growth, and the Aggregate Production Function: A Caveat Emptor for Regional Scientists

Listed author(s):
  • Jesus Felipe
  • John McCombie

Over the last 20 years or so, mainstream economists have become more interested in spatial economics and have introduced largely neoclassical economic concepts and tools to explain phenomena that were previously the preserve of economic geographers. One of these concepts is the aggregate production function, which is also central to much of regional growth theory. However, the estimates obtained cannot be regarded as providing evidence of the underlying technological structure of the spatial economy, including the aggregate elasticity of substitution, the degree of returns to scale, or the rate of technical progress. RÉSUMÉ Depuis une vingtaine d'ann#xe9;es, les #xe9;conomistes traditionnels font preuve d'un int#xe9;rêt sup#xe9;rieur pour l’#xe9;conomie spatiale, et ont introduit des concepts et des outils en grande partie n#xe9;oclassiques pour expliquer des ph#xe9;nomènes qui #xe9;taient, jusqu'alors, r#xe9;serv#xe9;s aux sp#xe9;cialistes de l’#xe9;conomie g#xe9;ographique. Un de ces concepts est la fonction de production globale, qui est #xe9;galement au cæur même d'une grande partie de la th#xe9;orie de croissance r#xe9;gionale. Toutefois, on ne peut consid#xe9;rer que les #xe9;valuations obtenues d#xe9;montrent la structure technologique sous-jacente de l’#xe9;conomie spatiale, y compris l’#xe9;lasticit#xe9; globale de la substitution, le degr#xe9; de rendement à l’#xe9;chelle, ou le taux de progrès technique. EXTRACTO Durante los últimos veinte años, los economistas establecidos han desarrollado mayor inter#xe9;s en la econom#xed;a espacial y han introducido conceptos y herramientas económicos mayormente neoclásicos para explicar fenómenos que anteriormente pertenec#xed;an al campo de los geógrafos económicos. Uno de estos conceptos es la función de producción agregada, que tambi#xe9;n es una parte central de mucha de la teor#xed;a del crecimiento regional. No obstante, no se puede considerar que las estimaciones obtenidas proporcionen evidencia de la estructura tecnológica subyacente de la econom#xed;a espacial, incluyendo la elasticidad agregada de sustitución, el grado de retornos a escala, o el #xed;ndice de progreso t#xe9;cnico. 聚集经济、区域经济增长和总量生产函数 摘要: 近二十年来 , 主流经济学家对空间经济学日渐热衷,引入了大量新古典主义的经 济学概念和工具来解释以前经济地理学家束手无策的现象。这些概念之一就是总量生 产函数,它对大部分区域经济增长理论也很重要。但是,得到的估计量并不能作为空 间经济学内部技术结构的证据,包括替代的总估算、规模报酬比例或者技术进度速率 。

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by Taylor & Francis Journals in its journal Spatial Economic Analysis.

Volume (Year): 7 (2012)
Issue (Month): 4 (December)
Pages: 461-484

in new window

Handle: RePEc:taf:specan:v:7:y:2012:i:4:p:461-484
DOI: 10.1080/17421772.2012.722668
Contact details of provider: Web page:

Order Information: Web:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:taf:specan:v:7:y:2012:i:4:p:461-484. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.