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- W355280412 abstract "This paper presents an overview on the recent developments of the so-called New Economic Geography (NEG), which successfully applies the basic microeconomic principle to explain the endogenous formation of spatial agglomeration in the field of urban and regional economics. The paper provides a detailed explanation of Krugmanʼs CorePeriphery model (1991) and reviews the subsequent refinements of this original model mainly from geographical viewpoints. It points out that most of the existing NEG models are symmetric in that regions or countries are assumed to have the same sizes and accessibilities to markets, which is not realistic and is unable to explain the real spatial economy. The paper concludes that it is important for NEG to take into account the full asymmetry in terms of different regional sizes and accessibilities so that it can adapt its theories to more accurately reflect the real world." @default.
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- W355280412 date "2012-07-01" @default.
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- W355280412 title "Developments of New Economic Geography : From Symmetry to Asymmetry" @default.
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