The Spatial Economy – Cities, Regions & International Trade: Cities, Regions, and International Trade (The MIT Press) - Softcover

Fujita, Masahisa

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9780262561471: The Spatial Economy – Cities, Regions & International Trade: Cities, Regions, and International Trade (The MIT Press)

Softcover

ISBN 10: 0262561476 ISBN 13: 9780262561471

Publisher: MIT Press, 2001

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The authors show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics. Since 1990 there has been a renaissance of theoretical and empirical work on the spatial aspects of the economy-that is, where economic activity occurs and why. Using new tools-in particular, modeling techniques developed to analyze industrial organization, international trade, and economic growth-this "new economic geography" has emerged as one of the most exciting areas of contemporary economics. The authors show how seemingly disparate models reflect a few basic themes, and in so doing they develop a common "grammar" for discussing a variety of issues. They show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics. This book is the first to provide a sound and unified explanation of the existence of large economic agglomerations at various spatial scales.

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Product Description:

Since 1990 there has been a renaissance of theoretical and empirical work on the spatial aspects of the economy--that is, where economic activity occurs and why. Using new tools--in particular, modeling techniques developed to analyze industrial organization, international trade, and economic growth--this ""new economic geography"" has emerged as one of the most exciting areas of contemporary economics.The authors show how seemingly disparate models reflect a few basic themes, and in so doing they develop a common ""grammar"" for discussing a variety of issues. They show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics. This book is the first to provide a sound and unified explanation of the existence of large economic agglomerations at various spatial scales.

Review:

-- Edward L. Glaeser, Professor of Economics, Harvard University

" A superb volume on the new economics of geography by three pioneers in the field. This lucid, elegant book is a must for any graduate course in urban economics." -- Edward L. Glaeser, Professor of Economics, Harvard University

& quot; A superb volume on the new economics of geography by three pioneers in the field. This lucid, elegant book is a must for any graduate course in urban economics.& quot; -- Edward L. Glaeser, Professor of Economics, Harvard University

"A superb volume on the new economics of geography by three pioneers in the field. This lucid, elegant book is a must for any graduate course in urban economics."--Edward L. Glaeser, Professor of Economics, Harvard University

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