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new economic geography
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by
Steven
N.
Durlauf
and
Lawrence
E.
Blume
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Abstract
New economic geography provides an integrated and micro-founded approach to spatial economics. It emphasizes the role of clustering forces in generating an uneven distribution of economic activity and income across space. The approach has been applied to the economics of cities, the emergence of regional disparities, and the origins of international inequalities.
Keywords
clustering; comparative advantage; congestion; core–periphery mode; dispersion; factor price equalization; foreign direct investment; gravity modelling; imperfect markets; increasing returns to scale; industrial organization; international portfolio investment; international trade (theory); knowledge spillovers; labour mobility; linkages; location of economic activity; market access; Marshall, A.; monopolistic competition; new economic geography; productivity; regional development; spatial economics; urban agglomeration; urban economics
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How to cite this article
Venables, Anthony J. "new economic geography." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 21 May 2013 <http://www.dictionaryofeconomics.com/article?id=pde2008_E000247> doi:10.1057/9780230226203.1182
