![]() ![]() We will argue that in order to do this it is necessary: first, to specify the transactions-cost assumptions underlying these various approaches second, to adopt broader definitions of spatial transactions costs and third, to incorporate environmental characteristics within an orthodox location-production type of framework. In particular, the methodological basis of traditional industrial location models needs to be reconciled with recent models of clustering, the new economic geography literature, and also more aggregate systemic levels of analysis. Our paper will argue that the microeconomic foundations of industrial location theory must now be reconsidered. In this paper we will argue that new academic fashions, new international institutional arrangements, new communications technology and new developments in data availability, have all renewed the need for a redevelopment of analytical industrial location theory. (2003) The rise, fall and rise again of industrial location theory, Reg. ![]()
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