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The Theoretical and Methodological Toolbox of Urban Economics: From and Towards Where?

In: Urban Dynamics and Growth: Advances in Urban Economics

Author

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  • R. Capello
  • Peter Nijkamp

Abstract

After more than five decades since the recognition of the importance of a branch in Economics called Regional and Urban Economics, there is for sure sufficient scientific material for an ex-post evaluation of what has been achieved so far, where is the scientific frontier in this field, and what are the main open conceptual questions. The present contribution aims at providing such a "picture", by underlining, in a critical way, the results achieved and the challenges that still remain to be faced. It is not at all a first attempt in this direction: especially in the last decade, some doubts on the scientific achievements in the fields of Regional and Urban Economics, and more widely of Regional Science, were stressed, especially in the American academic world. These sciences were interpreted as going through a deep "scientific crisis", interpreted as a sort of downward slope in their "life cycle". Some scientific in-depth analyses have already been provided by regional scientists, rightly claiming that still much can be said and be produced in terms of both theoretical and empirical (modelling) elements. Our paper will start from those considerations, and provide a step further in the interpretation of the problems encountered by Regional and Urban Economics in the actual scientific world, and will strongly suggest that there are important signs of a reaffirmation of the discipline, given the recently strong renewed interest around the conept of territory, developed: - within other branches of the Economic theory. A clear example of this is the emergence of the "New Economic Geography" theory, widely anchored to some well known regional economic concepts. The same can be said for the recent concept of knowledge spillover of the Industrial Economists, in which the innovative diffusion process is largely dependent on geographical distance among innovative actors; - with traditionally related scientific fields, such as Urban Pla
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Suggested Citation

  • R. Capello & Peter Nijkamp, 2005. "The Theoretical and Methodological Toolbox of Urban Economics: From and Towards Where?," Contributions to Economic Analysis, in: Urban Dynamics and Growth: Advances in Urban Economics, pages 1-27, Emerald Group Publishing Limited.
  • Handle: RePEc:eme:ceazzz:s0573-8555(2005)0000266002
    DOI: 10.1108/S0573-8555(2005)0000266002
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    Cited by:

    1. Nicolas Gillio & Emmanuel Ravalet, 2009. "Eléments d'économie territoriale et urbaine : état de la connaissance, outils et débats," Working Papers hal-02150409, HAL.
    2. Roberta CAPELLO, 2012. "Regional economics: theoretical achievements and challenges," Timisoara Journal of Economics, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 5(18), pages 313-335.
    3. Roberta Capello, 2008. "Regional economics in its 1950s: recent theoretical directions and future challenges," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 42(4), pages 747-767, December.
    4. Bernardo Furtado & Frank van Oort, 2011. "Neighborhood weight matrix in a spatial-quantile real estate modeling environment: Evidence from Brazil," ERSA conference papers ersa10p424, European Regional Science Association.

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