Spatial agglomeration dynamics

Quah, Danny (2002) Spatial agglomeration dynamics. [Working paper]

Copy

This paper develops a model of economic growth and activity locating endogenously on a 3- dimensional featureless global geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and clustering. Economic activity is not concentrated on discrete isolated points but instead a dynamically- fluctuating, smooth spatial distribution. Spatial inequality is a Cass-Koopmans saddlepath, and the global distribution of economic activity converges towards egalitarian growth. Equality is stable but spatial inequality is needed to attain it.

Item Type	Working paper
Keywords	cluster,continuous space,convergence,distribution dynamics,growth,knowledge,saddlepath dynamics,spatial spillovers,spatial inequality
Departments	Centre for Economic Performance Economics
Date Deposited	27 Apr 2007
URI	https://researchonline.lse.ac.uk/id/eprint/2042