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Dynamic Urban Models: Agglomeration and Growth

  • Marcus Berliant

    (Washington University in St. Louis)

  • Ping Wang

    (Vanderbilt University & NBER)

Theoretical models of urban growth are surveyed in a common framework. Exogenous growth models, where growth in some capital stock as a function of investment is assumed, are examined first. Then endogenous growth models, where use of some factor by a firm increases the productivity of other firms, are studied. These are all models with perfect competition among agents. Next, models with imperfect competition are discussed. There are two varieties: those employing a monopolistic competition approach to product differentiation, and those employing explicit externalities but lacking some markets. Finally, avenues for future research are explored. Correlations between agglomeration and growth in the various models and data are compared.

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Paper provided by EconWPA in its series Urban/Regional with number 0404006.

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Length: 50 pages
Date of creation: 15 Apr 2004
Date of revision:
Handle: RePEc:wpa:wuwpur:0404006
Note: Type of Document - pdf; pages: 50
Contact details of provider: Web page: http://econwpa.repec.org

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