The New Introduction to Geographical Economics

Geographical economics starts from the observation that economic activity is clearly not randomly distributed across space. This revised and updated introduction to geographical economics uses the modern tools of economic theory to explain the who, why and where of the location of economic activity. The text provides an integrated, first-principles introduction to geographical economics for advanced undergraduate students and first-year graduate students, and has been thoroughly revised and updated to reflect important developments in the field, including new chapters on alternative core models and policy implications . It presents a truly global analysis of issues in geographical economics using case studies from all over the world, including North America, Europe, Africa and Australasia, and contains many computer simulations and end-of chapter exercises to encourage learning and understanding through application.

(Cambridge)

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'Geographical economics is a broad field which encompasses or connects with the economics of region, cities, location, trade, development, and growth. Academic research in these areas has gone in many directions and made lots of progress in recent years. The first accomplishment of this New Introduction to Geographical Economics was to digest this diverse and fast growing body of knowledge. The second achievement of this great book is to be able to present everything in a clear, comprehensive, and accessible manner.' Gilles Duranton, University of Toronto

'In recent years geographical economics has gained momentum, in both academic and policy circles. This has happened thanks to a series of remarkably original contributions pioneered by the Nobel Prize Winner Paul Krugman. The combination of imperfect competition, increasing returns to scale, and transport technologies in new and powerful ways have helped to clarify the microeconomic foundations of both urban and regional imbalances at the national and the international levels. Steven Brakman, Harry Garretsen and Charles van Marrewijk provide students and fellow researchers with a timely and accurate introduction to the state-of-the-art of this vibrant field of research.' Gianmarco I. P. Ottaviano, Bocconi University, Milan

'The authors provide a very nice and clear overview of what has been accomplished in this new field. Undergraduate students and teachers have no excuse anymore for ignoring the theoretical and empirical material uncovered by geographical economists. They now have a great text handy.' Jacques Thisse, CORE, Universit Louvain-la-Neuve

'The authors' 2001 graduate textbook was a masterful combination of theory, facts and examples - the book made it easy to interest students in this difficult but essential topic. With the 2008 Nobel going to Paul Krugman, in part for his contribution to Economic Geography, this second edition could not come at a better time. This edition keeps the excellent pedagogical style of the first edition and applies it to the substantial theoretical and empirical advancements that have occurred in the New Century. I would also recommend it to professional economists who would like an accessible introduction to this vast literature.' Richard Baldwin, Graduate Institute, Geneva

'Since Paul Krugman's initial explorations into what he called the 'new economic geography' barely two decades ago, an increasing number of mainstream economists have recognised the importance of geography - of space and location - for understanding how economies develop and function, and a large literature now exists in this field. The first edition of Brakman, Garretsen and Marrewijk's, Introduction to Geographical Economics was one of the most successful books on this subject. This new, updated, edition builds on this success, and provides a rigorous yet highly readable introduction to the new economic geography. The clarity of theoretical exposition and ...

(Cambridge)

Steven Brakman is Professor of Economics at the University of Groningen, The Netherlands. Harry Garretsen is Professor of International Economics and Business at the University of Groningen, The Netherlands. Charles van Marrewijk is Professor of Economics and Academic Director of the Institute for Housing and Urban Development Studies (IHS) at Erasmus University, The Netherlands.

(Cambridge)

List of figures; List of tables; List of boxes; List of technical notes; Preface to the new edition; Part I. Introduction: 1. A first look at geography, trade, and development; 2. Geography and economic theory; Part II. Core Models and Empirical Evidence: 3. The core model of geographical economics; 4. Beyond the core model: solutions, simulations and extensions; 5. Agglomeration, the home market effect and spatial wages; 6. Shocks, free-ness of trade, and stability; Part III. Applications and Extensions: 7. Cities and congestion: economies of scale, urban systems and Zipf's Law; 8. Agglomeration and international business; 9. The structure of international trade; 10. Dynamics, growth and geography; Part IV. Policy and Evaluation: 11. The policy implications of geographical economics; 12. Criticism and the value added of geographical economics; References; Index.

(Cambridge)