Bernard, Andrew B.; Redding, Stephen; Schott, Peter K. - Centre for Economic Performance, LSE - 2005
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Neoclassical trade theory provides a useful intuition for these trends. In that
framework, su� cient heterogeneity of regional … industry structure both in cross section and
over time.
Keywords: Factor Price Equality, Regional Wages, Neoclassical Trade … Theory, Labor Market
Areas
JEL classification: F16, J30, R23, C14
This paper was produced as part of the Centre …