Spatial agglomeration dynamics

Quah, Danny (2002) Spatial agglomeration dynamics. CEP discussion paper; CEPDP0521 (521). London School of Economics and Political Science. Centre for Economic Performance, 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
Divisions:	Centre for Economic Performance Economics
Subjects:	H Social Sciences > HB Economic Theory
JEL classification:	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
Date Deposited:	27 Apr 2007
Last Modified:	11 Dec 2024 18:31
URI:	http://eprints.lse.ac.uk/id/eprint/2042

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