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This book analyzes role of industrial agglomeration in regional economy. The analysis shows the functions of the agglomeration in two stages of economic development, before and after the globalization. This analysis is followed by verification of the effectiveness of the agglomeration analysis by using Japanese economic data. First, the book clarifies that the agglomeration contributes to reducing the production costs though the land-based economies. In line with the minimum-cost logic, it is shown that the market competition modes that minimizes the delivery prices to the consumers comes...

In August 2005, a small but important conference took place at Chuo University in Tokyo, Japan. This international conference, the Chuo Meeting on Economics of Time and Space 2005 (Chuo METS 05), aimed to enrich the respective disciplines of the economics of time (dynamic economics) and the economics of space (spatial economics) and to expand their applicability in the real world. The chapters contained herein are based on the papers presented at that conference. Part I of the book deals with Keynesian macrodynamics, which allows for the existence of involuntary unemployment; Part II...