New Urban Economics

New Urban Economics studies how cities grow and function by examining the economic forces shaping urban areas. It focuses on how locations, land use, transportation, and policies influence property values, business development, and residents’ choices. This approach combines economic theories with spatial analysis to understand phenomena like urban sprawl, gentrification, and the creation of vibrant communities. It emphasizes the interconnectedness of economic activity and geographic space, helping planners and policymakers design more efficient, sustainable, and equitable cities by considering how economic incentives and constraints shape urban environments.