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New Approaches to Spatial Economics
Author(s) -
Button Kenneth
Publication year - 2000
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/0017-4815.00141
Subject(s) - divergence (linguistics) , convergence (economics) , perspective (graphical) , economics , economic geography , process (computing) , differential (mechanical device) , location theory , growth theory , regional science , neoclassical economics , geography , economic growth , computer science , philosophy , linguistics , artificial intelligence , aerospace engineering , engineering , operating system
This paper looks at the linkages between three recent developments in spatial economics that in combination have changed the way that economic growth is viewed. These new approaches are that of the New Growth Theory, the measurement of geographical economic convergence, and the role of infrastructure in stimulating economic growth. In combination these developments may combine to provide a different perspective on why regions often grow at differential rates,ways of measuring these differences, and possible policy interventions tomanipulate geographical variations in the growth process. The paper argues, however, that these concepts, while they may offer new insights, are nevertheless unlikely to provide a complete picture of why spatial economic divergence is widespread nor a set of policy instruments that can be simplydeployed to ameliorate such discrepancies.