Contemporary Issues in Urban and Regional Economics

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Nova Publishers, 2005 - Business & Economics - 185 pages
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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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Contents

Spatial Location of Firms and Industries Is Local Superior to Global?
1
Role of Density and Field in Spatial Economies
55
Economies of Scale A Survey of the Empirical Literature
79
The Economics of Agricultural Land Use
103
The Structure of New Economic Geography Models
123
Location Tendencies Equilibrium in Prices Country Size and Trade
141
Demographic Trends in US Cities 19701990
153
Index
181
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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.

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