Agglomeration patterns in a long narrow economy of a new economic geography model: Analogy to a racetrack economy

Kiyohiro Ikeda, Kazuo Murota, Takashi Akamatsu, Yuki Takayama

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)

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 languageEnglish
Pages (from-to)113-145
Number of pages33
JournalInternational Journal of Economic Theory
Volume13
Issue number1
DOIs
Publication statusPublished - 2017 Mar 1

Keywords

  • bifurcation
  • break point
  • long narrow economy
  • new economic geography
  • racetrack economy
  • transport cost

ASJC Scopus subject areas

  • Economics and Econometrics

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