1st Edition
Regional and Urban Economics and Economic Development Theory and Methods
Thorough and authoritative, Regional and Urban Economics and Economic Development: Theory and Methods provides students with a sound approach to analyzing the economic progress of a region or urban area.
The textbook is divided into four sections for ease of reference. The first section, Market Areas and Firm Location Analysis introduces spatial economics and location theory, while the next section, Regional Growth and Development analyzes regional growth and development models and policy. Introducing the foundations of urban economics, Urban Land Use and Urban Form examines land rent, land use patterns, and the effects of attempts to control land uses. The final section, Urban Problems and Policy, investigates local public finance and introduces the policy analysis involved in countering urban problems.
Addressing these topics from the perspectives of how they affect the population at large and how they become established within public policy, Regional and Urban Economics and Economic Development: Theory and Methods provides students with an essential foundation not only to understand but also to contemplate the dynamics of varying economic factors as they relate to an area's growth.
Roots of Spatial Economics
What makes up a Region?
Classifying Regions
How Does Space Affect Traditional Economics?
Plan of the Book
Appendix: Data Sources
Research Questions
List of References
PART I: MARKET AREAS AND FIRM LOCATION ANALYSIS
Linear Market Areas
From Demand Functions to Price-Distance Functions
Dynamics of Market Areas
Price Elasticity of Demand and Distance
Hotelling's Linear Markets
Challenging the Principle of Minimum Differentiation
Consumer Search Behavior and Firm Location
Summary and Conclusions
Chapter Questions
Research Assignments
List of References
Mathematical Appendix
Questions to Mathematical Appendix
Market Areas and Systems of Cities
Location on a Plain
Systems of Cities and Central Places
The Instability of Urban Hierarchies
Approaches for Studying Competing Centers
Rural Cities and Economic Growth
Limitations of the Central Place Theory
Summary and Conclusions
Chapter Questions
Research Assignments
List of References
Appendix: Delineating Markets
Summary and Conclusions
Now it's Your Turn
List of References
Industrial Location
Least Cost Location with Variable Inputs
Increasing versus Constant Returns to Scale
Transport-Oriented Models
Footloose Firms
Summary
Chapter Questions
Research Assignments
List of References
Agglomeration Economies and Entrepreneur's Preferences
Agglomeration Economies
Localization Economies
Urbanization Economies
Diseconomies of Agglomeration
Accidents, History and Circular and Cumulative Causality
Utility Maximization and Plant Location
Summary and Conclusion
Chapter Questions
Research Assignments
List of References
Appendix: Location under Uncertainty
List of References
Spatial Pricing Decisions
What is Price Discrimination?
Spatial Price Discrimination
Welfare Analysis of Pricing Decisions
Summary and Conclusions
Chapter Questions
Research Assignment
List of References
PART II. REGIONAL GROWTH AND DEVELOPMENT
Short-Run Income Models
Production Possibilities Curves and Economic Growth
Comparative Advantage
Demand-Based Models (Short-Run)
Economic Base Theory and Analysis
Nontraditional Economic Bases
Financial Markets and Regional Growth
Input-Output Analysis
Decomposing Regional Employment
Summary and Conclusions
Chapter Questions
Research Assignments
List of References
Appendix: Short-run Model of an Open Economy
Supply-Based Regional Growth Analysis
Neoclassical Growth Theory
Endogenous Growth Theory
Innovation and the Diffusion of Technology
Knowledge, Innovation and Technological Progress
Human Capital and Technical Change
The Role of Capital and Entrepreneurship in Regional
Growth
Foreign Direct Investment: Does Ownership of Capital
Matter?
Summary and Conclusions
Chapter Questions
Research Assignments
List of References
Core-Periphery Models: Distance Counts
von Thünen's Concentric Rings
Product Life-Cycles and Firm Location
Growth Poles
Staple Theory of Economic Development
Rural Economic Development
Summary and Conclusions
Chapter Questions
Research Assignments
List of References
Regional Labor Markets and Migration
Labor Market Structure
Regional Wage Differentials
Types of Unemployment
Increasing a Region's Labor Supply
Consequences of Immigration
Summary and Conclusions
Chapter Questions
Research Assignments
List of References
Can Government Change a Region's Growth Path?
Why Government?
Will Non-Resident Consumer Spending Sustain Regional
Prosperity?
The Effects of Economic Development Policy
Economic Development Incentive Tools
Is the Battle Worth It?
Summary
Chapter Questions
Research Assignments
List of References
Appendix: Measuring an Area's Economic Welfare
Research Assignment
List of References
PART III. URBAN LAND USE AND URBAN FORM
Land Rents and Land Use Patterns
Land Rent, Contract Rent and Economic Rent
Demand for Land
Intraurban Industry Location
Periurbanization
Capitalization Process
Hedonic Price Indices
Summary and Conclusion
Chapter Questions
Research Assignments
List of References
The Housing Market
Why is the Housing Market Efficient?
Housing Services
Housing Prices
Housing Supply Functions
Housing Demand
Segregation and Discrimination
Affordability
Summary and Conclusions
Chapter Questions
Research Assignments
List of References
Transportation
Transportation Demand
Transportation Supply
Costing-out Externalities
Congestion
Summary and Conclusions
Chapter Questions
Research Assignments
List of References
Growth Controls, Smart Growth and Zoning
Urban Sustainability
Property Rights and Ownership
How to Control Growth
Effects of Controlling Land-Use
Is there a Case for Controlled Growth?
Compact Cities
Alternative Solutions for Curbing "Sprawl"
Summery and Conclusions
Chapter Question
Research Assignment
List of References
PART IV. URBAN PROBLEMS AND POLICY
Local Public Finance
Collective Choice and the Median Voter Model
Local Public Goods
Tiebout Hypothesis
Public Finance Debates
Revenue Sources of Local Government
Summary and Conclusions
Chapter Questions
Research Questions
List of References
Appendix: Edgeworth Box and Pareto Optimality
Intergovernmental Relations
Fiscal Federalism: Who Provides What to Whom?
Government Hierarchies and Local Game Playing
Interjurisdictional Competition
Yardstick Competition
Summary and Conclusions
Chapter Questions
Research Questions
List of References
Income Inequality and Poverty
Definition of Income
Measuring Income Inequality and Poverty
Who are the Poor?
Poverty Dynamics
How to Help the Poor
Conclusion
Chapter Questions
Research Questions
List of References
Optimal Local Education Policies
Education and Growth
Production Function for Education
Creating an Educated Labor Force
Improving School Quality
Willingness to pay for Education
Conclusion
Chapter Questions
Research Questions
List of References
Controlling Crime
Categorizing Crimes
Economic Theory of Crime
Competing Theories of Crime
Social Costs of Crime
Victims
Economic Theories of Hate, Passion, Violence and
Drugs
Victimless Crimes
Organized Crime
What Works to Reduce Crime?
Summary and Conclusions
Chapter Questions
Research Questions
List of References
Biography
Mary E. Edwards (St Cloud State University, Minnesota, USA) (Author)