Creative chaos? Globalization, agglomeration and the metropolis
构建了一个宏观经济学模型，研究全球化背景下资本充裕、需求旺盛和信息不确定时，大都市区创意劳动力规模与全球风险回报溢价之间的非线性关系，并解释创意都市生命周期的各阶段特征。
This article offers a formal macro-economic exposition of a creativity-driven metropolitan-region located within the global context of abundance of capital, demand, information, and uncertainty. It draws on recent literature and US data to estimate a nonlinear relationship between the global risk-reward premium and the size of a metropolitan region’s creative labor force. The model offers criteria for interpreting each stage of the creative metro life cycle, including the conditions for creative take-off, a period of extraordinarily high rates of growth and the potential for instability with congestion and maturity. The article concludes with a discussion of the policy-relevant findings, limitations, extensions and mitigation.