Shifts in economic geography and their causes
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Author
Contributions
- London School of Economics and Political Science. Centre for Economic Performance - Contributor
Publication
2006 - Centre for Economic Performance, London School of Economics and Political Science, London, England
Language
English
Word Count
0 words, Guess
Page Count
0 pages
Physical Format
Electronic resource
Identifiers
- Library of Congress Control Number2007617053
- Open LibraryOL31800638M
Classifications
- LCCHC10
Description
This paper analyses some of the forces that are changing the spatial distribution of activity in the world economy. It draws on the 'new economic geography' literature to argue the importance of increasing returns to scale and cumulative causation processes in shaping the productivity and comparative advantage of different regions. In the presence of such increasing returns there may be persistent spatial disparities in productivity. Economic development will tend to be 'lumpy', with some regions (countries, or smaller areas such as cities) experiencing rapid growth and others being left behind.
Subjects
Series Statement
- CEP discussion paper -- no. 767
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