The New Economic Geography: What Transport Planners Need to Know
H B Wenban-Smith, London School of Economics, UK
The aim of this paper is to draw to the attention of transport planners some recent advances in thinking about the economics of spatial development.
Structured around the apparently simple question whether it is ?good thing? to improve transport links between two regions, this paper provides an introduction to the analytical methods of the New Economic Geography, showing that the question is a good deal less straightforward than it might appear. Along the way, we will encounter centripetal and centrifugal forces, cores and peripheries, bifurcations and tomahawks, and even the dreaded Spatial Impossibility Theorem. In short, a bestiary calling on all the powers that Harry Potter (the transport planner) can muster to be successfully confronted!
Association for European Transport