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Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Space: The Final Frontier

  • Paul Krugman
Journal of Economic Perspectives
vol. 12, no. 2, Spring 1998
(pp. 161–174)
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Abstract

Traditionally, until the early 1990s, spatial economics -- the study of where economic activity takes place and why -- was pretty much neglected. Even now not one of the best-selling introductory textbooks in economics contains a single index entry for "location," "space," or "regions." In the last six or seven years, however, interest in spatial economics has surged. In this article I will try to summarize briefly the reasons for that surge; the key elements of the so-called "new economic geography;" the current state of research; and the prospects and difficulties facing this subfield of economics.

Citation

Krugman, Paul. 1998. "Space: The Final Frontier." Journal of Economic Perspectives, 12 (2): 161–174. DOI: 10.1257/jep.12.2.161

JEL Classification

  • R10 General Regional Economics (includes Regional Data
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