Of Hype and Hyperbolas: Introducing the New Economic Geography

J. Peter Neary

Journal of Economic Literature, 2001, vol. 39, issue 2, 536-561

Abstract: Reviewing The Spatial Economy by Fujita, Krugman, and Venables, this paper argues that the key contribution of the new economic geography is a framework in which standard building blocks of mainstream economics (especially rational decision making and simple general equilibrium models) are used to model the trade-off between dispersal and agglomeration. The approach thus gives a choice-theoretic basis for a "propensity to agglomerate."

JEL-codes: R12 (search for similar items in EconPapers)
Date: 2001
Note: DOI: 10.1257/jel.39.2.536
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Citations: View citations in EconPapers (253)

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