Discussion paper

DP5028 Agglomeration and the Adjustment of the Spatial Economy

We consider the literatures on urban systems and New Economic Geography to examine questions concerning agglomeration and how areas respond to shocks to the economic environment. We first propose a diagrammatic framework to compare the two approaches. We then use this framework to study a number of extensions and to consider several policy relevant issues.

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Citation

Duranton, G, P Combes and H Overman (2005), ‘DP5028 Agglomeration and the Adjustment of the Spatial Economy‘, CEPR Discussion Paper No. 5028. CEPR Press, Paris & London. https://cepr.org/publications/dp5028