Ann Reg Sci https://doi.org/10.1007/s00168-018-0866-5 ORIGINAL PAPER 1,2 José M. Gaspar Received: 12 August 2017 / Accepted: 13 May 2018 © Springer-Verlag GmbH Germany, part of Springer Nature 2018 Abstract This paper serves as an orientation towards the understanding of some of the contributions and theoretical limitations in New Economic Geography and seeks to provide a prospective assessment of new avenues of research along which the ﬁeld could improve and develop. We identify many of the persistent features and assumptions which have thwarted the evolution of New Economic Geography and led to a sprawl of criticism within the ﬁeld. This criticism has opened a discussion towards the identiﬁcation of new possible directions, some of which are being progressively undertaken, while others raise issues that are difﬁcult to overcome both analytically and empirically. JEL Classiﬁcation R10 · R12 · R23 1 Introduction Since the path-breaking contribution of Krugman’s monograph Geography and Trade (Krugman 1991a), “which most people consider the beginning of New Economic Geography” (Krugman 2010), together with his seminal Core-Periphery (CP) model (Krugman 1991b), many researchers have devoted their attention towards providing theoretical foundations and empirical research that add to the study of the geographical distribution of economic activities. Throughout
The Annals of Regional Science – Springer Journals
Published: May 29, 2018
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