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Spatial agglomeration dynamics

Quah, Danny (2002) Spatial agglomeration dynamics. CEP discussion paper; CEPDP0521, 521. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0-75-301921-3

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Abstract

This paper develops a model of economic growth and activity locating endogenously on a 3- dimensional featureless global geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and clustering. Economic activity is not concentrated on discrete isolated points but instead a dynamically- fluctuating, smooth spatial distribution. Spatial inequality is a Cass-Koopmans saddlepath, and the global distribution of economic activity converges towards egalitarian growth. Equality is stable but spatial inequality is needed to attain it.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 2002 Danny Quah
Library of Congress subject classification: H Social Sciences > HB Economic Theory
Journal of Economic Literature Classification System: D - Microeconomics > D3 - Distribution > D30 - General
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O10 - General
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 521
Date Deposited: 27 Apr 2007
URL: http://eprints.lse.ac.uk/2042/

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