Year: 2009
Type: article
Abstract: ABSTRACT It has long been recognized that the forces that lead to the agglomeration of economic activity and to aggregate growth are similar. Unfortunately, few formal frameworks have been advanced to explore this link. We critically discuss the literature and present a simple framework that can circumvent some of the main obstacles we identify. We discuss the main characteristics of an equilibrium allocation in this dynamic spatial framework, present a numerical example to illustrate the forces at work, and provide some supporting empirical evidence.
Source: Journal of Regional Science
Authors: Klaus Desmet, Esteban Rossi-Hansberg
Institutions: Universidad Carlos III de Madrid, Princeton University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
Funder: Comunidad de Madrid
OpenAlex ID: W2146367134