Economic Geography

by Combes, Pierre-Philippe; Mayer, Thierry; Thisse, Jacques-Francois

• ISBN13: 9780691139425
• ISBN10: 0691139423
• Format: Paperback
• Copyright: 2008-09-08
• Publisher: Princeton Univ Pr

Summary

Economic Geographyis the most complete, up-to-date textbook available on the important new field of spatial economics. This book fills a gap by providing advanced undergraduate and graduate students with the latest research and methodologies in an accessible and comprehensive way. It is an indispensable reference for researchers in economic geography, regional and urban economics, international trade, and applied econometrics, and can serve as a resource for economists in government. Economic Geographypresents advances in economic theory that explain why, despite the increasing mobility of commodities, ideas, and people, the diffusion of economic activity is very unequal and remains agglomerated in a limited number of spatial entities. The book complements theoretical analysis with detailed discussions of the empirics of the economics of agglomeration, offering a mix of theoretical and empirical research that gives a unique perspective on spatial disparities. It reveals how location continues to matter for trade and economic development, yet how economic integration is transforming the global economy into an economic space in which activities are performed within large metropolitan areas exchanging goods, skills, and information.Economic Geographyexamines the future implications of this evolution in the spatial economy and relates them to other major social and economic trends. Provides a complete introduction to economic geography Explains the latest theory and methodologies Covers the empirics of agglomeration, from spatial concentration measurement to structural estimations of economic geography models Includes history and background of the field Serves as a textbook for students and a resource for professionals

Author Biography

Pierre-Philippe Combes is CNRS research professor of economics at the Universite d+»-+-+Aix-Marseille. Thierry Mayer is professor of economics at the Universite Paris 1 Pantheon-Sorbonne. Jacques-Francois Thisse is professor of economics at the Universite Catholique de Louvain and professor at the Ecole Nationale des Ponts et Chaussees. His books include "Economics of Agglomeration".

Table of Contents

Foreword	p. xiii
Acknowledgments	p. xxiv
Facts and Theories	p. 1
Spatial Inequalities: A Brief Historical Overview	p. 3
The Space-Economy and the Industrial Revolution	p. 4
Regional Disparities: When an Ancient Phenomenon Becomes Measurable	p. 12
Concluding Remarks	p. 25
Space in Economic Thought	p. 26
Economics and Geography: A Puzzling History of Reciprocal Ignorance	p. 27
Integrating Space in Economics: The Main Attempts	p. 30
The Burden of Modeling Constraints	p. 31
The Breakdown of the Competitive Paradigm in a Spatial Economy	p. 35
What Are the Alternative Modeling Strategies?	p. 41
Increasing Returns and Transport Costs: The Basic Trade-Off of Economic Geography	p. 43
Concluding Remarks	p. 48
Space, Trade, and Agglomeration	p. 51
Monopolistic Competition	p. 53
The Dixit-Stiglitz Approach	p. 55
Monopolistic Competition: A Linear Setting	p. 71
Concluding Remarks	p. 79
Related Literature	p. 80
Interregional Trade and Market Size	p. 81
The Dixit-Stiglitz-Krugman Model of Trade	p. 82
The Home-Market Effect	p. 89
Concluding Remarks	p. 98
Related Literature	p. 100
Gravity and Trade Costs	p. 101
The Gravity Model	p. 103
Trade Costs	p. 115
Concluding Remarks	p. 127
Related Literature	p. 127
The Core-Periphery Structure	p. 130
Increasing Returns and Industrialization	p. 133
Regional Disparities: The Krugman Model	p. 137
The Krugman Model Revisited	p. 160
Concluding Remarks	p. 162
Related Literature	p. 164
Intermediate Goods and the Evolution of Regional Disparities	p. 166
The Role of Intermediate Goods	p. 169
The Spatial Distribution of the Manufacturing Sector	p. 176
The Evolution of Regional Disparities	p. 185
Concluding Remarks	p. 191
Related Literature	p. 192
The Bell-Shaped Curve of Spatial Development	p. 194
A Linear Core-Periphery Model	p. 196
When Does the Bell-Shaped Curve Arise?	p. 207
Concluding Remarks	p. 221
Related Literature	p. 222
Spatial Competition	p. 223
Spatial Duopoly a la Hotelling	p. 224
Spatial Oligopoly a la Cournot	p. 238
Concluding Remarks	p. 250
Related Literature	p. 251
Breadth and Determinants of Spatial Concentration	p. 253
Measuring Spatial Concentration	p. 255
The Properties of an Ideal Index of Spatial Concentration	p. 256
Spatial Concentration Indices	p. 259
Indices Accounting for Industrial Concentration	p. 266
The Duranton-Overman Continuous Approach	p. 269
Concluding Remarks	p. 274
Related Literature	p. 274
Determinants of Spatial Concentration and Local Productivity	p. 276
The Determinants of Spatial Concentration	p. 277
The Determinants of Local Productivity	p. 283
Concluding Remarks	p. 300
Related Literature	p. 301
The Empirics of Economic Geography	p. 302
A General Framework	p. 303
Location of Firms	p. 307
Home-Market Effect	p. 314
Factor Prices and Economic Geography	p. 321
Migrations	p. 329
The Stability of Spatial Patterns	p. 332
Concluding Remarks	p. 340
Related Literature	p. 342
Theory with Numbers	p. 343
Predictions Based on the Dixit-Stiglitz-Krugman Model	p. 345
Simulations in an Estimated Model of the French Space-Economy	p. 356
Concluding Remarks	p. 363
Related Literature	p. 364
Concluding Remarks	p. 365
The Paradox of the Global Village	p. 365
The Objective of Economic Geography	p. 367
What Have We Learned?	p. 368
Where Next?	p. 374
References	p. 379
Index	p. 397
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