Abstract
The mechanism of self-organization of agglomerations in a long narrow economy of a new economic geography model is elucidated by a theoretical comparative study with a racetrack economy. Computational bifurcation theory is used to systematically obtain the equilibria of these economies. A chain of spatially repeated core–periphery patterns à la Christaller and Lösch emerges when agglomeration forces are large. Peripheral zones are enlarged recurrently to engender an agglomeration shadow en route to an atomic mono-center. A megalopolis with two core places connected by an industrial belt emerges when agglomeration forces are small.
Original language | English |
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Pages (from-to) | 113-145 |
Number of pages | 33 |
Journal | International Journal of Economic Theory |
Volume | 13 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2017 Mar 1 |
Keywords
- bifurcation
- break point
- long narrow economy
- new economic geography
- racetrack economy
- transport cost