Work

A Theory of Urban Growth

Year: 1999

Type: article

Abstract: In an economy experiencing endogenous economic growth and exogenous population growth, we explore two main themes: how urbanization affects efficiency of the growth process and how growth affects patterns of urbanization. Localized information spillovers promote agglomeration and human capital accumulation and fosters endogenous growth. Individual city sizes grow with local human capital accumulation and knowledge spillovers; and city with empirical evidence. We analyze whether local governments can successfully internalize local dynamic externalities. In addition, we explore how growth involves real income differences across city types and how urbanization can foster income inequality.

Source: Journal of Political Economy

DOI: 10.1086/250060

Authors: Duncan Black, Vernon Henderson

Institutions: London School of Economics and Political Science, Brown University

Language: English

Topic: Agglomeration and Urban Systems

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Sustainable cities and communities

Open Access status: green

OpenAlex ID: W2091854509

FWCI: 34.18

Cites: 32

Cited by: 714

Related to: 10