Ahlfeldt, Gabriel M. and Wendland, Nicolai
(2013)
How polycentric is a monocentric city?: centers, spillovers and hysteresis.
Journal of economic geography, 13
(1).
pp. 53-83.
ISSN 1468-2702
Full text not available from this repository.
Abstract
We assess the extent to which firms in an environment of decreasing transport costs and industrial transformation value the benefits of proximity to a historic CBD and agglomeration economies in their location decisions. Taking a hybrid perspective of classical bid-rent theory and a world where clustering of economic activity is driven by between-firm spillovers, Berlin, Germany, from 1890 to 1936 serves as a case in point. Our results suggest that the average productivity effect of a doubling of between- firm spillovers over the study period increases from 3.5% to 8.3%. As the city transforms into a service-based economy, several micro agglomerations emerge. Their locations close to the CBD still make the city look roughly monocentric. This is in line with a hysteresis effect in which second-nature geography drives the ongoing strength of a historic city center even though the importance of the originally relevant first-nature geography has vanished.
| Item Type: |
Article
|
| Official URL: |
http://joeg.oxfordjournals.org/ |
| Additional Information: |
© 2012 The Authors |
| Uncontrolled Keywords: |
transport innovations, land values, location productivity, agglomeration economies, economic history, Berlin |
| Library of Congress subject classification: |
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HE Transportation and Communications
H Social Sciences > HN Social history and conditions. Social problems. Social reform |
| Journal of Economic Literature Classification System: |
N - Economic History > N7 - Transport, International and Domestic Trade, Energy, Technology, and Other Services
N - Economic History > N9 - Regional and Urban History
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O12 - Microeconomic Analyses of Economic Development
R - Urban, Rural, and Regional Economics > R3 - Production Analysis and Firm Location > R33 - Nonagricultural and Nonresidential Real Estate Markets |
| Sets: |
Departments > Geography and Environment
Research centres and groups > Spatial Economics Research Centre
Collections > Economists Online |
| Rights: |
http://www.lse.ac.uk/library/rights/LSERO.htm |
| URL: |
http://eprints.lse.ac.uk/44318/ |
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