We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with different levels of migration frictions. We...

We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with different levels of migration frictions. We...

This chapter describes how the spatial distribution of economic activity changes as economies develop and grow. We start with the relation between development and rural–urban migration. Moving beyond the coarse rural–urban distinction, we then focus on the continuum of locations in an...