Geographic Concentration and Increasing Returns

16 Pages Posted: 20 Dec 2003

See all articles by Paolo Surico

Paolo Surico

London Business School - Department of Economics; Centre for Economic Policy Research (CEPR)

Abstract

Economic activities are highly clustered. Why is geographic concentration becoming a predominant feature of industrialized economies? On the basis of the empirical models developed by the theories of international trade, our answer is that increasing returns are the driving force of economic geography in the US as well as in Europe. In so doing, we review several econometric methods proposed in the literature to separate and to test alternative theoretical paradigms.

Suggested Citation

Surico, Paolo, Geographic Concentration and Increasing Returns. Journal of Economic Surveys, Vol. 17, pp. 693-708, December 2003. Available at SSRN: https://ssrn.com/abstract=467742

Paolo Surico (Contact Author)

London Business School - Department of Economics ( email )

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HOME PAGE: http://sites.google.com/site/paolosurico

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

HOME PAGE: http://sites.google.com/site/paolosurico

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