The Stability of a Production Function with Urbanization as a Shift Factor

  title={The Stability of a Production Function with Urbanization as a Shift Factor},
  author={Suzanne K. McCoskey and Chihwa Kao},
Urban economists have long been attempting to answer the question of why cities exist. In particular, recent research has focused on the idea that cities capturing some sort of agglomeration economies-production in urban areas bene®t from some increasing returns to scale which are not present in rural environments. Urban economists have gone further to separate these agglomerations into two categories: localization economies (economies of scale present because of industrial clustering in cities… CONTINUE READING
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