What future for history dependence in spatial economics?

Jeffrey Lin and Ferdinand Rauch

Regional Science and Urban Economics, 2022, vol. 94, issue C

Abstract: History (sometimes) matters for the location and sizes of cities and neighborhood segregation patterns within cities. Together with evidence on rapid neighborhood change and self-fulfilling expectations, this implies that nature might not completely determine the spatial structure of the economy. Instead, the spatial economy might be characterized by multiple equilibria or multiple steady-state equilibrium paths, where history and expectations can play decisive roles. Better evidence on the conditions under which history matters can help improve theory and policy analysis.

JEL-codes: N9 R1 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (16)

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Related works:
Working Paper: What Future for History Dependence in Spatial Economics? (2020)
Working Paper: What Future for History Dependence in Spatial Economics? (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:94:y:2022:i:c:s0166046220303136

DOI: 10.1016/j.regsciurbeco.2020.103628

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