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Redefining Urban Centrality: Integrating Economic Complexity Indices into Central Place Theory

Author

Listed:
  • Jonghyun Kim

    (Inha University)

  • Donghyeon Yu

    (Inha University)

  • Dongwoo Seo

    (Inha University)

  • Hyoji Choi

    (Inha University)

  • Bogang Jun

    (Inha University)

Abstract

This study introduces a metric designed to measure urban structures through the economic complexity lens, building on the foundational theories of urban spatial structure, the Central Place Theory (CPT) (Christaller, 1933). Despite the significant contribution in the field of urban studies and geography, CPT has limited in suggesting an index that captures its key ideas. By analyzing various urban big data of Seoul, we demonstrate that PCI and ECI effectively identify the key ideas of CPT, capturing the spatial structure of a city that associated with the distribution of economic activities, infrastructure, and market orientation in line with the CPT. These metrics for urban centrality offer a modern approach to understanding the Central Place Theory and tool for urban planning and regional economic strategies without privacy issues.

Suggested Citation

  • Jonghyun Kim & Donghyeon Yu & Dongwoo Seo & Hyoji Choi & Bogang Jun, 2024. "Redefining Urban Centrality: Integrating Economic Complexity Indices into Central Place Theory," Inha University IBER Working Paper Series 2024-5, Inha University, Institute of Business and Economic Research.
    • Handle: RePEc:inh:wpaper:2024-5
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    File URL: https://drive.google.com/file/d/1GctuHkdrBUuKhalFq8RDUufCwW7loHif/view?usp=sharing
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    More about this item

    Keywords

    Complexity; Central Place Theory; Market Boundary;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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