Anthony J Venables
Biographic Data
| ID | 1034404 |
|---|---|
| NAME | Anthony J Venables |
| GIVEN NAMES | Anthony J |
| FAMILY NAME | Venables |
| SIGNATURE | VENABLES A J |
| AFFILIATIONS | London School of Economics and Political Science |
| ORCID | 0000-0003-0251-7479 |
| VERIFIED | Yes |
| TOTAL WORKS | 42 |
| TOTAL CITATIONS | 611 |
| AUTHOR COUNT | 42 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1982 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 10 |
Small and remote: The Economics of Peripherality
The Belt and Road Initiative: Reshaping economic geography in Central Asia
Land tenure and land-use in a developing city: A quantitative spatial model applied to Kampala, Uganda
Africa's Cities: Opening Doors to the World
Cities in Sub-Saharan Africa are experiencing rapid population growth. Yet their economic growth has not kept pace. Why? One factor might be low capital investment, due in part to Africa’s relative poverty: Other regions have reached similar stages of urbanization at higher per capita GDP. This study, however, identifies a deeper reason: African cities are closed to the world. Compared with other developing cities, cities in Africa produce few go…
Breaking into tradables: Urban form and urban function in a developing city
Using Natural Resources for Development: Why Has It Proven So Difficult
Developing economies have found it hard to use natural resource wealth to improve their economic performance. Utilizing resource endowments is a multistage economic and political problem that requires private investment to discover and extract the resource, fiscal regimes to capture revenue, judicious spending and investment decisions, and policies to manage volatility and mitigate adverse impacts on the rest of the economy. Experience is mixed, …
International Trade: Economic Integration
Absorbing a windfall of foreign exchange: Dutch disease dynamics
Harnessing Windfall Revenues: Optimal Policies for Resource‐Rich Developing Economies
A windfall of natural resources (or aid) faces government with choices of how to manage public debt, investment and the distribution of funds for consumption. The permanent income hypothesis suggests a sustained increase in consumption supported, once resources are depleted, by interest on accumulated foreign assets. However, this strategy is not optimal for capital-scarce developing economies. Incremental consumption should be skewed towards pre…
Productivity in cities: Self-selection and sorting
Productivity is high in cities partly because the urban environment acts as a self-selection mechanism. If workers have imperfect information about the quality of workers with whom they match and matches take place within cities, then high-ability workers will choose to live and work in expensive cities. This self-selection improves the quality of matches in such cities. The mechanism may be reinforced by the development of informational networks…
Economic geography and African development
Illusory revenues: Import tariffs in resource-rich and aid-rich economies
Economic Geography
This article discusses economic geography and aims to outline some of the main issues and ideas found in this emergent field. It looks at the implications and patterns of development in the world economy, as well as in urban systems. The final section in the article attempts to answer why this topic is considered important for students of political economy.
Economic Linkages across Space
Overman H. G., Rice P. and Venables A. J. Economic linkages across space, Regional Studies. A diagrammatic framework is developed to study the economic linkages between regions or cities. Hitherto, such linkages have not been a focus of the literature. The framework is used to analyse the impact of shocks that occur in one region (for example, productivity improvements or increases in housing supply) on other regions, highlighting the key adjustm…
Who gets the urban surplus
High productivity in cities creates an economic surplus relative to other areas. How is this divided between workers and landowners? Simple models with homogenous labour suggest that it accrues largely—or entirely—in the form of land rents. This article shows that heterogeneity of labour in two main dimensions (productivity differentials and housing demands) radically changes this result. Even a modest amount of heterogeneity can drive the land s…
Spatial determinants of productivity: Analysis for the regions of Great Britain
Spatial disparities in human development: Perspectives from Asia
Spatial disparities are a measure of the unequal distribution of income, wealth, power and resources between peoples in different locations. As a dimension of overall inequality, spatial disparities have added significance when combined with regional divisions and political and ethnic tensions that can undermine social and political stability. This book focuses on issues of poverty and inequality that are directly related to the Millennium Develo…
Timeliness and agglomeration
Spatial disparities in developing countries: Cities, regions, and international trade
Spatial inequality in developing countries is due to the natural advantages of some regions relative to others and to the presence of agglomeration forces, leading to clustering of activity. This paper reviews and develops some simple models that capture these first and second nature economic geographies. The presence of increasing returns to scale in cities leads to urban structures that are not optimally sized. This depresses the return to job …
Multinational Firms in the World Economy
Addresses the concerns surrounding multinational enterprises (MNEs) and clarifies the debate about MNEs, providing an assessment of what they are, why and where they arise, and their economic impact on home and host countries. Presents an overview of theory and empirical findings relating to MNEs. Examines theory on the determinants and impact of MNEs, looking at horizontal and vertical FDI, respectively. Provides a theoretical treatment of the c…
Economic geography and international inequality
Buzz: Face-to-face contact and the urban economy
This paper argues that existing models of urban concentrations are incomplete unless grounded in the most\nfundamental aspect of proximity; face-to-face contact. Face-to-face contact has four main features; it is an\nefficient communication technology; it can help solve incentive problems; it can facilitate socialization and\nlearning; and it provides psychological motivation. We discuss each of these features in turn, and develop\nformal economi…
Industrial Clusters: Equilibrium, Welfare and Policy
This paper studies the size and number of industrial clusters that arise in a multi‐country world in which one sector has a propensity to cluster because of increasing returns to scale. Equilibrium will generally have smaller clusters than the world welfare optimum, and possibly too many countries with a cluster. Countries have an incentive to use policy to attract an industrial cluster, but the equilibrium of the policy game between governments …
Equilibrium Regional Disparities: Theory and British Evidence
R ICE P. and V ENABLES A. J. (2003) Equilibrium regional disparities: theory and British evidence, Reg. Studies 37 , 675-686. Regional inequalities in many countries, including the UK, are large and persistent. They show up in a number of economic variables, most of them endogenous, making it difficult for the researcher to identify the underlying causes of the disparities. This paper uses sub-regional data for Great Britain to identify spatial p…
Winners and Losers from Regional Integration Agreements
How are the benefits and costs of a customs union divided between member countries? Outcomes depend on the comparative advantage of members, relative to each other and relative to the rest of the world. Countries with a comparative advantage between that of their partners and the rest of the world do better than countries with an 'extreme' comparative advantage. Consequently, integration between low income countries tends to lead to divergence of…
Buzz: Face-to-face contact and the urban economy
This paper argues that existing models of urban concentrations are incomplete unless grounded in the most\nfundamental aspect of proximity; face-to-face contact. Face-to-face contact has four main features; it is an\nefficient communication technology; it can help solve incentive problems; it can facilitate socialization and\nlearning; and it provides psychological motivation. We discuss each of these features in turn, and develop\nformal economi…
Geography and development
Economic development and underdevelopment is one aspect of the uneven spatial distribution of economic activity. This paper reviews existing literature on geography and development, and argues that rigorous theoretical and empirical analysis is needed to increase understanding of the role of geography in development and to better design development policy. The analytical issues are: why does economic activity cluster in centers of activity? How d…
Agglomeration and Economic Development: Import Substitution vs. Trade Liberalisation
This paper analyses a model of economic development in which international differences in industrial structure and income are caused by the agglomeration of industry in a subset of countries. Economic development may not be a gradual process of convergence by all countries, but instead involve countries moving sequentially from the group of poor countries to the group of rich countries. The role of trade policy in promoting industrialisation is s…
Harnessing Windfall Revenues: Optimal Policies for Resource‐Rich Developing Economies
A windfall of natural resources (or aid) faces government with choices of how to manage public debt, investment and the distribution of funds for consumption. The permanent income hypothesis suggests a sustained increase in consumption supported, once resources are depleted, by interest on accumulated foreign assets. However, this strategy is not optimal for capital-scarce developing economies. Incremental consumption should be skewed towards pre…
Using Natural Resources for Development: Why Has It Proven So Difficult
Developing economies have found it hard to use natural resource wealth to improve their economic performance. Utilizing resource endowments is a multistage economic and political problem that requires private investment to discover and extract the resource, fiscal regimes to capture revenue, judicious spending and investment decisions, and policies to manage volatility and mitigate adverse impacts on the rest of the economy. Experience is mixed, …
The Macroeconomic Implications of a Resource Discovery in an Open Economy
Journal Article The Macroeconomic Implications of a Resource Discovery in an Open Economy Get access R. K. Eastwood, R. K. Eastwood University of Sussex Search for other works by this author on: Oxford Academic Google Scholar A. J. Venables A. J. Venables University of Sussex Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 92, Issue 366, 1 June 1982, Pages 285–299, https://doi.org/10.2307/2232…
Spatial disparities in developing countries: Cities, regions, and international trade
Spatial inequality in developing countries is due to the natural advantages of some regions relative to others and to the presence of agglomeration forces, leading to clustering of activity. This paper reviews and develops some simple models that capture these first and second nature economic geographies. The presence of increasing returns to scale in cities leads to urban structures that are not optimally sized. This depresses the return to job …
Winners and Losers from Regional Integration Agreements
How are the benefits and costs of a customs union divided between member countries? Outcomes depend on the comparative advantage of members, relative to each other and relative to the rest of the world. Countries with a comparative advantage between that of their partners and the rest of the world do better than countries with an 'extreme' comparative advantage. Consequently, integration between low income countries tends to lead to divergence of…
Monetary Union and the Economic Geography of Europe
Monetary union is likely to change the spatial structure of economic activity in the EU. This article reviews what is known about these effects and discusses the implications for EMU. We argue that EMU is likely to promote a modest increase in specialization amongst EU countries, although industry‐specific shocks are sufficiently small for this not to pose further difficulties for macroeconomic management. Improvements in market access are likely…
The Belt and Road Initiative: Reshaping economic geography in Central Asia
Economic Linkages across Space
Overman H. G., Rice P. and Venables A. J. Economic linkages across space, Regional Studies. A diagrammatic framework is developed to study the economic linkages between regions or cities. Hitherto, such linkages have not been a focus of the literature. The framework is used to analyse the impact of shocks that occur in one region (for example, productivity improvements or increases in housing supply) on other regions, highlighting the key adjustm…
Productivity in cities: Self-selection and sorting
Productivity is high in cities partly because the urban environment acts as a self-selection mechanism. If workers have imperfect information about the quality of workers with whom they match and matches take place within cities, then high-ability workers will choose to live and work in expensive cities. This self-selection improves the quality of matches in such cities. The mechanism may be reinforced by the development of informational networks…
Multinational Firms in the World Economy
Addresses the concerns surrounding multinational enterprises (MNEs) and clarifies the debate about MNEs, providing an assessment of what they are, why and where they arise, and their economic impact on home and host countries. Presents an overview of theory and empirical findings relating to MNEs. Examines theory on the determinants and impact of MNEs, looking at horizontal and vertical FDI, respectively. Provides a theoretical treatment of the c…
Absorbing a windfall of foreign exchange: Dutch disease dynamics
Trade and Trade Policy with Differentiated Products: A Chamberlinian-Ricardian Model
Journal Article Trade and Trade Policy with Differentiated Products: A Chamberlinian-Ricardian Model Get access Anthony J. Venables Anthony J. Venables University of Sussex Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 97, Issue 387, 1 September 1987, Pages 700–717, https://doi.org/10.2307/2232931 Published: 01 September 1987
Economic geography and African development
Equilibrium Regional Disparities: Theory and British Evidence
R ICE P. and V ENABLES A. J. (2003) Equilibrium regional disparities: theory and British evidence, Reg. Studies 37 , 675-686. Regional inequalities in many countries, including the UK, are large and persistent. They show up in a number of economic variables, most of them endogenous, making it difficult for the researcher to identify the underlying causes of the disparities. This paper uses sub-regional data for Great Britain to identify spatial p…
Breaking into tradables: Urban form and urban function in a developing city
Integration and Industrial Specialisation in the European Union
Midelfart-Knarvik Karen Helen, Overman Henry G., Redding Stephen, Venables Anthony J. Integration and Industrial Specialisation in the European Union. In: Revue économique, volume 53, n°3, 2002. pp. 469-481
Timeliness and agglomeration
Trade policy, cumulative causation, and industrial development
Land tenure and land-use in a developing city: A quantitative spatial model applied to Kampala, Uganda
Illusory revenues: Import tariffs in resource-rich and aid-rich economies
The Macroeconomic Implications of a Resource Discovery in an Open Economy
Journal Article The Macroeconomic Implications of a Resource Discovery in an Open Economy Get access R. K. Eastwood, R. K. Eastwood University of Sussex Search for other works by this author on: Oxford Academic Google Scholar A. J. Venables A. J. Venables University of Sussex Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 92, Issue 366, 1 June 1982, Pages 285–299, https://doi.org/10.2307/2232…
Trade and Trade Policy with Differentiated Products: A Chamberlinian-Ricardian Model
Journal Article Trade and Trade Policy with Differentiated Products: A Chamberlinian-Ricardian Model Get access Anthony J. Venables Anthony J. Venables University of Sussex Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 97, Issue 387, 1 September 1987, Pages 700–717, https://doi.org/10.2307/2232931 Published: 01 September 1987
International Migration, Capital Mobility and Transitional Dynamics
International factor mobility implies that factor 'endowments' of the Central and East European Countries (CEECs) are not pre-determined in the long run. Due to factor complementarity, there is a circular relationship between emigration and foreign investment: capital inflows boost the wages of human capital, thereby discouraging emigration, while a high skill level encourages foreign investment. Introducing an externality linking the cost of abs…
Globalization and the Inequality of Nations
A monopolistically competitive manufacturing sector produces goods used for final consumption and as intermediates. Intermediate usage creates cost and demand linkages between firms and a tendency for manufacturing agglomeration. How does globalization affect the location of manufacturing and gains from trade? At high transport costs all countries have some manufacturing, but when transport costs fall below a critical value, a core-periphery spon…
International Trade, Factor Mobility, and Trade Costs
We consider a Heckscher-Ohlin model in which goods and factors of production can be traded, but trade involves transactions costs. Goods trade alone will not equalise factor prices, so there is an incentive for factors to move internationally. We characterise equilibria in which there is no trade, goods trade only, factor movement only, and both trade in goods and factor movement. This generalises the Heckscher-Ohlin model to explain not only the…
Equilibrium Locations of Vertically Linked Industries
This paper considers the locational choice of firms in an upstream and a downstream industry. Both industries are imperfectly competitive, with firms subject to increasing returns. There are transport costs between the two locations. Depending on the level of these costs there may be a single equilibrium with production diversified between locations, or multiple equilibria, some of which involve agglomeration at a single location. Typically the f…
Integration, specialization, and adjustment
Trade policy, cumulative causation, and industrial development
The Spatial Economy: Cities, Regions, and International Trade
The authors show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics. Since 1990 there has been a renaissance of theoretical and empirical work on the spatial aspects of the economy—that is, where economic activity occurs and why. Using new tools—in particular, …
Foreign direct investment as a catalyst for industrial development
Migration: The Controversies and the Evidence
This 1999 volume takes a critical look at the current divide over immigration policies. It hopes to shed light on the debate by bringing together papers that investigate the link between trade and factor mobility, particularly labour migration, from theoretical and empirical perspectives. It examines the substitutability between trade and migration, the impact of regional integration on the location of economic activity, the role of public goods …
Agglomeration and Economic Development: Import Substitution vs. Trade Liberalisation
This paper analyses a model of economic development in which international differences in industrial structure and income are caused by the agglomeration of industry in a subset of countries. Economic development may not be a gradual process of convergence by all countries, but instead involve countries moving sequentially from the group of poor countries to the group of rich countries. The role of trade policy in promoting industrialisation is s…
Geography and development
Economic development and underdevelopment is one aspect of the uneven spatial distribution of economic activity. This paper reviews existing literature on geography and development, and argues that rigorous theoretical and empirical analysis is needed to increase understanding of the role of geography in development and to better design development policy. The analytical issues are: why does economic activity cluster in centers of activity? How d…
Integration and Industrial Specialisation in the European Union
Midelfart-Knarvik Karen Helen, Overman Henry G., Redding Stephen, Venables Anthony J. Integration and Industrial Specialisation in the European Union. In: Revue économique, volume 53, n°3, 2002. pp. 469-481
Integration and Industrial: Specialisation in the European Union
The Accession of the UK to the EC: A Welfare Analysis
This article provides a decomposition of the welfare impact on the UK arising from the changes in manufacturing trade consequent upon joining the EC. The methodology employed is that of computable general equilibrium (CGE) modelling, where the underlying model is based on trade under imperfect competition with firms producing under conditions of increasing returns to scale. CGE models can be seen as providing numerical illustrations of theory, or…
Equilibrium Regional Disparities: Theory and British Evidence
R ICE P. and V ENABLES A. J. (2003) Equilibrium regional disparities: theory and British evidence, Reg. Studies 37 , 675-686. Regional inequalities in many countries, including the UK, are large and persistent. They show up in a number of economic variables, most of them endogenous, making it difficult for the researcher to identify the underlying causes of the disparities. This paper uses sub-regional data for Great Britain to identify spatial p…
Winners and Losers from Regional Integration Agreements
How are the benefits and costs of a customs union divided between member countries? Outcomes depend on the comparative advantage of members, relative to each other and relative to the rest of the world. Countries with a comparative advantage between that of their partners and the rest of the world do better than countries with an 'extreme' comparative advantage. Consequently, integration between low income countries tends to lead to divergence of…
Monetary Union and the Economic Geography of Europe
Monetary union is likely to change the spatial structure of economic activity in the EU. This article reviews what is known about these effects and discusses the implications for EMU. We argue that EMU is likely to promote a modest increase in specialization amongst EU countries, although industry‐specific shocks are sufficiently small for this not to pose further difficulties for macroeconomic management. Improvements in market access are likely…
Multinational Firms in the World Economy
Addresses the concerns surrounding multinational enterprises (MNEs) and clarifies the debate about MNEs, providing an assessment of what they are, why and where they arise, and their economic impact on home and host countries. Presents an overview of theory and empirical findings relating to MNEs. Examines theory on the determinants and impact of MNEs, looking at horizontal and vertical FDI, respectively. Provides a theoretical treatment of the c…
Economic geography and international inequality
Buzz: Face-to-face contact and the urban economy
This paper argues that existing models of urban concentrations are incomplete unless grounded in the most\nfundamental aspect of proximity; face-to-face contact. Face-to-face contact has four main features; it is an\nefficient communication technology; it can help solve incentive problems; it can facilitate socialization and\nlearning; and it provides psychological motivation. We discuss each of these features in turn, and develop\nformal economi…
Industrial Clusters: Equilibrium, Welfare and Policy
This paper studies the size and number of industrial clusters that arise in a multi‐country world in which one sector has a propensity to cluster because of increasing returns to scale. Equilibrium will generally have smaller clusters than the world welfare optimum, and possibly too many countries with a cluster. Countries have an incentive to use policy to attract an industrial cluster, but the equilibrium of the policy game between governments …
Spatial disparities in developing countries: Cities, regions, and international trade
Spatial inequality in developing countries is due to the natural advantages of some regions relative to others and to the presence of agglomeration forces, leading to clustering of activity. This paper reviews and develops some simple models that capture these first and second nature economic geographies. The presence of increasing returns to scale in cities leads to urban structures that are not optimally sized. This depresses the return to job …
Spatial determinants of productivity: Analysis for the regions of Great Britain
Economics (37 works) · Regional Economics and Spatial Analysis (21 works) · Geography (18 works) · Global trade and economics (17 works) · Economic geography (15 works) · Business (14 works) · International economics (14 works) · Fiscal Policy and Economic Growth (13 works) · Microeconomics (13 works) · International trade (12 works)