Of hype and hyperbolas : introducing the new economic geography

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Title: Of hype and hyperbolas : introducing the new economic geography
Authors: Neary, J. Peter
Permanent link: http://hdl.handle.net/10197/1315
Date: 11-Dec-2000
Abstract: I take the publication of The Spatial Economy by Fujita, Krugman and Venables as an opportunity to expound and assess the "new economic geography". I use a simple diagram to show how the basic model works; give a self-contained algebraic derivation of the main results; note some interesting extensions; comment on some weaknesses of the model, which make it less suitable than might at first appear for discussing issues of industrial structure; try to place the field in relation to "old" economic geography and to the theory of international trade; and discuss its empirical and policy implications.
Funding Details: Economic and Social Research Council (ESRC)
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Series/Report no.: UCD Centre for Economic Research Working Paper Series; WP00/19
Keywords: AgglomerationDixit-Stiglitz preferencesEconomic geographyIncreasing returns to scalePecuniary externalities
Subject LCSH: Economic geography
Industrial organization (Economic theory)
Dependency--Econometric models
Other versions: http://www.ucd.ie/economics/research/papers/2000/WP00.19.pdf
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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