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The Spatial Economy: Cities, Regions, and International Trade

Author

Listed:
  • Masahisa Fujita

    () (Kyoto University)

  • Paul Krugman

    () (Princeton University)

  • Anthony J. Venables

    () (Oxford University)

Abstract

Since 1990 there has been a renaissance of theoretical and empirical work on the spatial aspects of the economy--that is, where economic activity occurs and why. Using new tools--in particular, modeling techniques developed to analyze industrial organization, international trade, and economic growth--this "new economic geography" has emerged as one of the most exciting areas of contemporary economics. The authors show how seemingly disparate models reflect a few basic themes, and in so doing they develop a common "grammar" for discussing a variety of issues. They show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics. This book is the first to provide a sound and unified explanation of the existence of large economic agglomerations at various spatial scales.

Suggested Citation

  • Masahisa Fujita & Paul Krugman & Anthony J. Venables, 2001. "The Spatial Economy: Cities, Regions, and International Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262561476, March.
  • Handle: RePEc:mtp:titles:0262561476
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    More about this item

    Keywords

    spatial economy; new economic geography;

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • C0 - Mathematical and Quantitative Methods - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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