The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

New Economic Geography

  • Anthony J. Venables
Reference work entry


New economic geography provides an integrated and micro-founded approach to spatial economics. It emphasizes the role of clustering forces in generating an uneven distribution of economic activity and income across space. The approach has been applied to the economics of cities, the emergence of regional disparities, and the origins of international inequalities.


Clustering Comparative advantage Congestion Core–periphery mode Dispersion Factor price equalization Foreign direct investment Gravity modelling Imperfect markets Increasing returns to scale Industrial organization International portfolio investment International trade (theory) Knowledge spillovers Labour mobility Linkages Location of economic activity Market access Marshall, A. Monopolistic competition New economic geography Productivity Regional development Spatial economics Urban agglomeration Urban economics 

JEL Classifications

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Anthony J. Venables
    • 1
  1. 1.