You are looking at 1 - 10 of 48 items :

  • natural rate of interest x
  • Urban Economics x
  • Economics 2013 x
  • Regional Economics x
Clear All
This content is available to you

Bernard Fingleton

, economists who were also trained as economic geographers, and economic geographers proper, all of whom are broadly characterized as having a natural affinity to, or interest in, NEG, but who want to take our understanding of economic geography beyond the restricted perspective offered by current NEG theory and practice. Therefore, to some extent, the book can be seen as a constructive critique of NEG, wishing to take economic geography forward in new directions in the aftermath of the initial wave of theory, and which sees a continuing role for theoretical and empirical

You do not have access to this content

Fabio Cerina and Francesco Pigliaru

the interest rate r satisfying the no-arbitrage-opportunity condition between investment in the safe asset and capital accumulation: F rϭ␲ϩF F where ␲ is the rental rate of capital and F its asset value, which, due to perfect competition in the I-sector, is equal to its marginal cost of production. Agglomeration and growth in NEG 135 In the second stage, maximization of the Cobb-Douglas utility function means that a constant fraction of total northern consumption expenditure E falls on M-varieties with the rest spent on T: PMCM ϭ ␮E pTCT ϭ (1 Ϫ ␮)E KϩK* (5.4) (5

You do not have access to this content

Bernard Fingleton

3. Testing the ‘new economic geography’: a comparative analysis based on EU regional data Bernard Fingleton 3.1 INTRODUCTION Interest in economic geography has been stimulated by the introduction of a formal general equilibrium ‘new economic geography’ (NEG) theory in which increasing returns to scale are an outcome of each agent solving a clearly defined economic problem within the context of a monopolistic competition market structure (Dixit and Stiglitz, 1977). Recents books, notably Fujita, Krugman and Venables (1999) and Brakman, Garretsen and van Marrewijk

You do not have access to this content

Edited by Bernard Fingleton

This important book explores original and alternative directions for economic geography following the revolution precipitated by the advent of so-called ‘new economic geography’ (NEG). Whilst, to some extent, the volume could be regarded as part of the inevitable creative destruction of NEG theory, it does promote the continuing role of theoretical and empirical contributions within spatial economic analysis, in which the rationale of scientific analysis and economic logic maintain a central place. With contributions from leading experts in the field, the book presents a comprehensive analysis of the extent to which NEG theory is supported in the real world. By exploring whether NEG theory can be effectively applied to provide practical insights, the authors highlight novel approaches, emerging trends, and promising new lines of enquiry in the wake of advances made by NEG.
You do not have access to this content

Marco R. Di Tommaso, Daniele Paci, Lauretta Rubini and Stuart O. Schweitzer

countries, there is no doubt that the answer is yes.35 Given that traditional manufacturing has been leaving European and North American countries at a rapid rate, primarily relocating to Asia, all of these countries have a strong interest in fostering their ‘pole of knowledge’ to attract high-technology Pitelis 03 chap09 298 27/7/06 16:40:50 High-tech clusters, analysis and policy perspectives 299 industries. The main challenge is how to maintain one’s primacy in these industries, or in the case of some countries, to enter in the global network of poles which drive

You do not have access to this content

Anna Soci

of it. The result must be the: obtaining [of] a lasting interest by a resident entity in one country (‘direct investor’) in an entity resident in an economy other than that of the investor (‘direct investment enterprise’). The lasting interest implies the existence of a long-term relationship between the direct investor and the enterprise and a significant degree of influence on the management of the enterprise.1 The idea of ‘control’, which was present in earlier definitions, has been abandoned in favour of a broader though no less vague concept. What ‘lasting

You do not have access to this content

Silvia Sacchetti and Philip R. Tomlins

, 1974). Strategic decisions are those that govern the direction of firms, industries and essentially the longterm development of localities. If strategic decision making is more diffuse at the local and regional level, there is a greater likelihood that a locality may be able to achieve its collective interests.3 However, if strategic decisions become concentrated among an elite subset of an industry’s stakeholders, then there is a danger of a ‘strategic failure’ occurring: when strategic decisions taken by a corporate elite conflict with the wider public interest (see

You do not have access to this content

Steven Brakman and Harry Garretsen

4. From theory to estimation and back: the empirical relevance of new economic geography Steven Brakman and Harry Garretsen 4.1 INTRODUCTION The development of new economic geography (NEG) in the past 15 years has renewed the interest among economists in the spatial distribution of economic activity.1 NEG can best be seen as a natural extension of the new trade theory that was developed in the late 1970s and early 1980s. The small step taken by Krugman (1991), but the giant leap for the rest of the economics profession, was that in Krugman the assumption of

You do not have access to this content

Handbook of Regional Growth and Development Theories

Revised and Extended Second Edition

Edited by Roberta Capello and Peter Nijkamp

Regional economics – an established discipline for several decades – has undergone a period of rapid change in the last ten years resulting in the emergence of several new perspectives. At the same time the methodology of regional economics has also experienced some surprising developments. This fully revised and updated Handbook brings together contributions looking at new pathways in regional economics, written by many well-known international scholars. The aim is to present the most cutting-edge theories explaining regional growth and local development. The authors highlight the recent advances in theories, the normative potentialities of these theories and the cross-fertilization of ideas between regional and mainstream economists. It will be an essential source of reference and information for both scholars and students in the field.
You do not have access to this content

Donald A. Krueckeberg

Taxpayers’ Association estimate of the average state-effective property tax rate for commercial properties for the year 2000 of 2.2366 percent, yielding an aggregate tax loss of $22.85 billion to nonprofit exemptions (Minnesota Taxpayers Association, 2001: 21). To estimate the value of government tax exemptions we can utilize the ratio between tax-exempt non-profit building values and government building values in 1997. The value of government buildings was 2.9 times that of exempt non-profits. Thus if the year 2000 tax cost for exempt non-profits was $22.85 billion, we would