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| Author: | Martin, P. Ottaviano, G. I. P. |
| Title: | Growth and agglomeration |
| Journal: | International Economic Review
2001 : NOV, VOL. 42:4, p. 947-968 |
| Index terms: | Econometric models Economic growth Economic geography |
| Language: | eng |
| Abstract: | The article presents a model in which growth and geographic agglomeration of economic activities of economic activities are mutually self-reinforcing processes. Economic agglomeration in one region spurs growth because it reduces the cost of innovation in that region through a pecuniary externality due to transaction costs. |
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