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) |
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| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 2002 Danny Quah |
| Uncontrolled Keywords: | cluster, continuous space, convergence, distribution dynamics, growth, knowledge, saddlepath dynamics, spatial spillovers, spatial inequality |
| 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/rights/LSERO.htm |
| Identification Number: | 521 |
| URL: | http://eprints.lse.ac.uk/2042/ |
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