What Can Be Learned from Spatial Economics?
Stef Proost and
Jacques Thisse ()
No WP BRP 167/EC/2017, HSE Working papers from National Research University Higher School of Economics
Spatial economics aims to explain the location of economic activity. While the importance of the proximity to natural resources has declined considerably, distance and location have not disappeared from economic life. Recent work in spatial economics indicates that new forces, hitherto outweighed by natural factors, are shaping an economic landscape that, with its many barriers and large inequalities, is anything but flat. The location of economic activity is the outcome of a trade-off between different types of scale economies and costs generated by the transfer of people, goods, and information. This trade-off is used as a guide in our survey of the main developments in regional and urban economics, which refer to different spatial scales. The role of transport is discussed for each subfield. We briefly survey the ingredients that could be useful for a synthesis of regional and urban economics and conclude with general policy insights.
Keywords: location; region; city; transport; land; agglomeration. (search for similar items in EconPapers)
JEL-codes: F12 F20 F61 L13 R12 R14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo, nep-ind and nep-ure
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Published in WP BRP Series: Economics / EC, July 2017, pages 1-63
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Journal Article: What Can Be Learned from Spatial Economics? (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hig:wpaper:167/ec/2017
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