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Critical economic geography is an approach taken from the point of view of contemporary critical geography and its philosophy. Behavioral economic geography examines the cognitive processes underlying spatial reasoning, locational decision making, and behavior of firms [7] and individuals.
Theoretical economic geography is a branch of economic geography concerned with understanding the spatial distribution of economic activity. Theoretical techniques in this branch of economics explain a number of phenomena such as: [1] The clustering of people and businesses into cities.
Diagram as published by McKelvey in 1973 [1] Diagram as published by McKelvey in 1976 [2]. A McKelvey diagram or McKelvey box is a visual representation used to describe a natural resource such as a mineral or fossil fuel, based on the geologic certainty of its presence and its economic potential for recovery.
Articles related to economic geography, the subfield of human geography which studies economic activity. It can also be considered a subfield or method in economics.
The relevance of economic geography is already quite established in the academic world, and research on the topic is in full progress. [10] However, the geography of finance is now gaining individual focus, especially as the link between the financial economy and the real economy is losing strength. [ 11 ]
The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate change as the distance from the central business district (CBD) increases. Bid Rent Theory was developed by William Alonso in 1964, it was extended from the Von-thunen Model (1826), who analyzed agricultural land use.
Historical economic geography examines the history and development of spatial economic structure. Using historical data, it examines how centers of population and economic activity shift, what patterns of regional specialization and localization evolve over time and what factors explain these changes.
The most common purpose of a thematic map is to portray the geographic distribution of one or more phenomena. Sometimes this distribution is already familiar to the cartographer, who wants to communicate it to an audience, while at other times the map is created to discover previously unknown patterns (as a form of Geovisualization). [17]