The Spatial Economy: Cities, Regions, and International Trade by Masahisa FujitaThe Spatial Economy: Cities, Regions, and International Trade by Masahisa Fujita

The Spatial Economy: Cities, Regions, and International Trade

byMasahisa Fujita, Paul Krugman, Anthony J. Venables

Paperback | July 27, 2001

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The authors show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics.

Since 1990 there has been a renaissance of theoretical and empirical work on the spatial aspects of the economy-that is, where economic activity occurs and why. Using new tools-in particular, modeling techniques developed to analyze industrial organization, international trade, and economic growth-this "new economic geography" has emerged as one of the most exciting areas of contemporary economics.

The authors show how seemingly disparate models reflect a few basic themes, and in so doing they develop a common "grammar" for discussing a variety of issues. They show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics. This book is the first to provide a sound and unified explanation of the existence of large economic agglomerations at various spatial scales.

Masahisa Fujita is Professor of Economics at the Kyoto Institute of Economic Research, Kyoto University. Anthony J. Venables is Professor of International Economics at the London School of Economics.
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Title:The Spatial Economy: Cities, Regions, and International TradeFormat:PaperbackDimensions:382 pages, 9 × 6 × 0.62 inPublished:July 27, 2001Publisher:The MIT PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0262561476

ISBN - 13:9780262561471

Reviews

Editorial Reviews

Monopolistic competition has revolutionized our thinking about a wide variety of economic topics, and it has established a firm foothold in macroeconomics. This splendid book shows how a number of common themes that have emerged from this approach can be used to advance our understanding of economic geography, regional and urban economics, international trade and economic development. It represents applied theory at its very best.-Elhanan Helpman, The Eitan Berglas School of Economics, Tel Aviv University, and Department of Economics, Harvard University