New Economic Geography
E880996
New Economic Geography is a field of economics, pioneered by Paul Krugman, that explains how economic activity and population become geographically concentrated due to increasing returns, transportation costs, and market size effects.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
economic theory
ⓘ
field of economics ⓘ |
| addresses |
regional convergence and divergence
ⓘ
spatial inequality ⓘ |
| alsoKnownAs | NEG NERFINISHED ⓘ |
| analyzes |
effects of economic integration on spatial concentration
ⓘ
formation of industrial clusters ⓘ impact of trade costs on location ⓘ impact of transport infrastructure on regional development ⓘ |
| basedOn |
imperfect competition
ⓘ
increasing returns to scale ⓘ market size effects ⓘ transportation costs ⓘ |
| emergedIn | 1990s ⓘ |
| explains |
core-periphery patterns
ⓘ
formation of economic clusters ⓘ regional disparities ⓘ |
| focusesOn |
agglomeration of firms and workers
ⓘ
geographical concentration of economic activity ⓘ spatial distribution of economic activity ⓘ |
| hasApplicationIn |
economic development strategy
ⓘ
regional policy ⓘ trade policy ⓘ transport policy ⓘ urban planning ⓘ |
| influencedBy |
Dixit–Stiglitz model
NERFINISHED
ⓘ
Paul Krugman NERFINISHED ⓘ location theory of Alfred Weber ⓘ traditional economic geography ⓘ urban systems theory ⓘ |
| keyConcept |
agglomeration economies
ⓘ
backward linkages ⓘ centrifugal forces ⓘ centripetal forces ⓘ core-periphery model ⓘ economic integration ⓘ forward linkages ⓘ home market effect ⓘ market access ⓘ |
| pioneer | Paul Krugman NERFINISHED ⓘ |
| relatedTo |
economic geography
ⓘ
international trade ⓘ regional economics ⓘ spatial economics ⓘ urban economics ⓘ |
| uses |
Dixit–Stiglitz framework
NERFINISHED
ⓘ
general equilibrium models ⓘ location theory ⓘ monopolistic competition models ⓘ trade theory ⓘ |
Referenced by (2)
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