Redefining Urban Centrality: Integrating Economic Complexity Indices into Central Place Theory

Jonghyun Kim, Donghyeon Yu, Dongwoo Seo, Hyoji Choi and Bogang Jun
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Jonghyun Kim: Inha University
Donghyeon Yu: Inha University
Dongwoo Seo: Inha University
Hyoji Choi: Inha University

No 2024-5, Inha University IBER Working Paper Series from Inha University, Institute of Business and Economic Research

Abstract: This study introduces a metric designed to measure urban structures through the economic complexity lens, building on the foundational theories of urban spatial structure, the Central Place Theory (CPT) (Christaller, 1933). Despite the significant contribution in the field of urban studies and geography, CPT has limited in suggesting an index that captures its key ideas. By analyzing various urban big data of Seoul, we demonstrate that PCI and ECI effectively identify the key ideas of CPT, capturing the spatial structure of a city that associated with the distribution of economic activities, infrastructure, and market orientation in line with the CPT. These metrics for urban centrality offer a modern approach to understanding the Central Place Theory and tool for urban planning and regional economic strategies without privacy issues.

Keywords: Complexity; Central Place Theory; Market Boundary (search for similar items in EconPapers)
JEL-codes: O18 R12 R30 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2024-08
New Economics Papers: this item is included in nep-geo and nep-ure
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https://drive.google.com/file/d/1GctuHkdrBUuKhalFq ... Hif/view?usp=sharing First version, 2024 (application/pdf)

Related works:
Working Paper: Redefining Urban Centrality: Integrating Economic Complexity Indices into Central Place Theory (2024)
Working Paper: Redefining Urban Centrality: Integrating Economic Complexity Indices into Central Place Theory (2024)
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