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Of hype and hyperbolas : introducing the new economic geography
Neary, J. Peter
I take the publication of The Spatial Economy by Fujita, Krugman and Venables as an opportunity to expound and assess the "new economic geography". I use a simple diagram to show how the basic model works; give a self-contained algebraic derivation of the main results; note some interesting extensions; comment on some weaknesses of the model, which make it less suitable than might at first appear for discussing issues of industrial structure; try to place the field in relation to "old" economic geography and to the theory of international trade; and discuss its empirical and policy implications. Economic and Social Research Council (ESRC)
Keyword(s): Agglomeration; Dixit-Stiglitz preferences; Economic geography; Increasing returns to scale; Pecuniary externalities; F12; R10; Industrial organization (Economic theory); Dependency--Econometric models
Publication Date:
2009
Type: Working paper
Peer-Reviewed: Unknown
Language(s): English
Institution: University College Dublin
Publisher(s): University College Dublin. School of Economics
File Format(s): other; application/pdf
First Indexed: 2012-08-25 05:22:46 Last Updated: 2018-10-11 15:44:32