Market potential: the measurement of domestic market size
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Market potential: the measurement of domestic market sizeAuthor(s)
Date
2024Citation
Bruna, F. (2024). Market potential: the measurement of domestic market size. Letters in Spatial and Resource Sciences 17, 13, 1-13. https://doi.org/10.1007/s12076-024-00378-8
Abstract
[Abstract]: Influenced by the concept of the strength of a force in physics, access to markets
has since the 1940s been evaluated by indicators of ‘potential’, measured as a sum
of a distance-weighted of population or market size of foreign or external territories. Later development of the New Economic Geography (NEG) by Paul Krugman
did not solve the problem of calculating internal market size in a way that can be
used to add it to calculations for external market potential. This paper analyzes the
consequences of geometrical justifications in measuring internal market potential.
For a sample of European regions, the paper concludes that the literature should be
more explicit about historical processes of agglomeration and methods of calculating internal market size.
Keywords
NEG
Agglomeration
Wage equation
Internal market potential
Internal distance
Self-potential
Agglomeration
Wage equation
Internal market potential
Internal distance
Self-potential
Editor version
Rights
Atribución 4.0 Internacional
ISSN
1864-4031