The economics of cities: from theory to data

Redding, Stephen J. (2023) The economics of cities: from theory to data. CEP Discussion Papers (CEPDP1898). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Abstract

Economic activity is highly unevenly distributed within cities, as reflected in the concentration of economic functions in specific locations, such as finance in the Square Mile in London. The extent to which this concentration reflects natural advantages versus agglomeration forces is central to a range of public policy issues, including the impact of local taxation and transport infrastructure improvements. This paper reviews recent quantitative urban models, which incorporate both differences in natural advantages and agglomeration forces and can be taken directly to observed data on cities. We show that these models can be used to estimate the strength of agglomeration forces and evaluate the impact of transportation infrastructure improvements on welfare and the spatial distribution of economic activity.

Item Type:	Monograph (Discussion Paper)
Official URL:	https://cep.lse.ac.uk/_new/publications/discussion...
Additional Information:	© 2023 The Author(s)
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HT Communities. Classes. Races
JEL classification:	R - Urban, Rural, and Regional Economics > R0 - General > R00 - General
Date Deposited:	16 Jan 2024 09:45
Last Modified:	16 Jan 2024 15:21
URI:	http://eprints.lse.ac.uk/id/eprint/121373

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