Contemporary Issues in Urban and Regional Economics
If all politics are local, then all economics are regional and local. Globalisation, for all its mystery and so-called inevitability, has its foundations and bloodlines in urban and regional economics. The economic impacts of poverty, housing, transportation, education, and crime are included. This new book includes within its scope: multiplier and impact analysis, input-output models, growth theory, migration, urban and regional labour markets, urban and regional public policy, regional devolution, small firms policy, and foreign direct investment.
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agglomeration agglomeration economies agricultural land analysis areas Audretsch BEA regions capital cluster competition concentration concept considered consumers corresponding countries demand distance distribution dynamic economic activity Economic Geography Economic Review economies of scale effects environmental estimates example ExEOS existence exports factor firm located FLFP geographical global globalisation growth rate Hence heterogeneous homogeneous important income increasing returns InEOS integration interaction investment Journal of Economics knowledge Krugman labor Land Economics land rent location of firms manufacturing varieties monopolistic monopolistic competition Nash equilibrium national city averages negative externalities Nova Science Publishers output paper pecuniary externalities percent population density potential problem produced in location profits property rights returns to scale sector social space spatial economy spatial return specialisation spillovers standard deviations statistic structure studies symmetric equilibrium theory Thisse TNCs trade transport costs UNEM Urban Economics values variables workers
Page 7 - Positive feedback economics may also find parallels in non-linear physics. For example, ferromagnetic materials consist of mutually reinforcing elements. Small perturbations, at critical times, influence which outcome is selected (bifurcation point), and the chosen outcome may have higher energy (that is, be less favourable) than other possible end states (Arthur, 1990, p. 99).
Page 7 - Murphy et al. (1989) discuss multiple equilibria with respect to the process of industrialisation, postulating that a certain critical mass of industries may have to be involved in order for industrialisation to be successful. A parallel could be drawn with location theory, and a role for government policy to aid the 'take- off of a particular location, and encourage firms to move to the location.