EconPapers    
Economics at your fingertips  
 

Human Capital and Agglomeration Economies in Urban Development

Jacques†François Thisse

The Developing Economies, 2018, vol. 56, issue 2, 117-139

Abstract: Large and productive metropolitan areas play a growing role in the working of developed and emerging economies alike. This paper surveys the recent contributions of urban economics, highlighting the role of external increasing returns—called agglomeration economies in the context of a city, which are key in the development and functioning of large, prosperous cities. One critical feature of these mechanisms is their cumulative nature: once set in motion, they feed themselves. The various costs associated with city size put a brake on such mechanisms. In many countries, the unevenness of the distribution of skilled labor across cities is both the cause and the consequence of particular agglomeration economies. Human capital is beneficial to the cities, which attract skills and talents. However, cities’ spatial concentration exacerbates regional disparities at the risk of generating strong political and social tensions within nations.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/deve.12167

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:deveco:v:56:y:2018:i:2:p:117-139

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0012-1533

Access Statistics for this article

The Developing Economies is currently edited by Katsuji Nakagane

More articles in The Developing Economies from Institute of Developing Economies Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-02-23
Handle: RePEc:bla:deveco:v:56:y:2018:i:2:p:117-139