The analysis of spatial diffusion processes
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In this paper, I have tried two things: (1) to develop a formal mathematical description of the innovation diffusion process under the simplest conditions and (2) to do the same for expenditure streams, migration, and price movements considered as spatial diffusion processes. My aim has been to demonstrate similarities and differences among these processes. The theoretical study of diffusion models appears to me to be fruitful as an extension of economic stability analysis to spatial situations and also as an alternative approach to predicting the movement in space of economic phenomena.
KeywordsStability Analysis Diffusion Process Diffusion Model Mathematical Description Simple Condition
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