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The Economics of Cities: From Theory to Data

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  • Redding, Stephen

Abstract

Economic activity is highly unevenly distributed within cities, as reflected in the concentration of economic functions in specific locations, such as finance in the Square Mile in London. The extent to which this concentration reflects natural advantages versus agglomeration forces is central to a range of public policy issues, including the impact of local taxation and transport infrastructure improvements. This paper reviews recent quantitative urban models, which incorporate both differences in natural advantages and agglomeration forces, and can be taken directly to observed data on cities. We show that these models can be used to estimate the strength of agglomeration forces and evaluate the impact of transportation infrastructure improvements on welfare and the spatial distribution of economic activity.

Suggested Citation

  • Redding, Stephen, 2023. "The Economics of Cities: From Theory to Data," CEPR Discussion Papers 17839, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:17839
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    Cited by:

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    2. Fan, Meiting & Ma, Kaili & Shao, Shuai & Wang, Hui & Zhang, Ying, 2025. "Urban sprawl and environmentally sensitive productivity: Is urban sprawl a green spread?," Structural Change and Economic Dynamics, Elsevier, vol. 74(C), pages 895-914.

    More about this item

    JEL classification:

    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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