Spatial Agglomeration Dynamics

Danny Quah

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: This paper develops a model of economic growth and activity locating endogenously on a 3-dimensional featureless global geography. The same economic forces influence simulataneously growth, convergence, and spatial agglomeration and clustering. Economic activity is not concentrated on discrete isolated points but instead a dynamically-fluctuating, smotth spatial distribution. Spatial inequality is a Cass-Koopmans saddlepath, and the global distribution of economic activity converges towards egalitarian growth. Equality is stable but spatial inequality is needed to attain it.

Keywords: cluster; continuous space; convergence; distribution dynamics; growth; knowledge; saddlepath dynamics; spatial spillovers; spatial inequality (search for similar items in EconPapers)
JEL-codes: D30 O10 O41 (search for similar items in EconPapers)
Date: 2002-03
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Citations: View citations in EconPapers (47)

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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp0521

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