The New Palgrave Dictionary of Economics Online geography of regional development

نویسندگان

  • Jeffrey D. Sachs
  • Gordon C. McCord
  • Lawrence E. Blume
چکیده

New theoretical work on spatial concentration of industry – particularly the ‘new economic geography’ – has significantly helped us understanding why some regions develop more than others, why cities arise and where they are located. However, this work rarely incorporates Adam Smith’s observation that spatial differences in economic activity also reflect variations in physical geography, which make some places more productive than others at particular times; nor has it accommodated regional development policy – the use of economic incentives to attract industry to particular locations. A full theory of regional development would integrate theories of agglomeration economies with physical geography and with public economics.

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S. N. Durlauf and L. E. Blume, The New Palgrave Dictionary of Economics, forthcoming, Palgrave Macmillan, reproduced with permission of Palgrave Macmillan. This article is taken from the author's original manuscript and has not been reviewed or edited. The definitive published version of this extract may be found in the complete New Palgrave Dictionary of Economics in print and online, forthcom...

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تاریخ انتشار 2008