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Insurance against local productivity shocks

Pérez-Cervantes, Fernando - 2016

I slightly modify the model of Monte et al. (2015) to estimate how workers in Mexican municipalities choose the location of their workplace based on the income gains from commuting to another municipality. Estimates are in line with the intuition: Static estimates for both 2010 and 2015 suggest...

Persistent link: https://www.econbiz.de/10011788943

The Core-Periphery Model With Forward-Looking Expectations

Baldwin, Richard - C.E.P.R. Discussion Papers - 1999

The 'core-periphery model' is vitiated by its assumption of static expectations. That is, migration (inter-regional or intersectoral) is the key to agglomeration, but migrants base their decision on current wage differences alone--even though migration predictably alters wages and workers are...

Persistent link: https://www.econbiz.de/10005666517

Insurance against local productivity shocks

Pérez-Cervantes, Fernando - 2016

Persistent link: https://www.econbiz.de/10011568458

Economic integration and manufacturing concentration patterns: Evidence from Mercosur

Traistaru, Iulia; Volpe Martincus, Christian - Zentrum für Europäische Integrationsforschung (ZEI), … - 2003

Trade policy changes are likely to result in a reallocation of resources across sectors and space. Over the past two decades, Argentina, Brazil, Paraguay, and Uruguay have implemented unilateral trade liberalization programs and formed a regional bloc, Mercosur. The effects of these reforms on...

Persistent link: https://www.econbiz.de/10008614711

A Many-Country Model of Industrialization

Breinlich, Holger; Cuñat, Alejandro - C.E.P.R. Discussion Papers - 2011

We draw attention to the role of economic geography in explaining important cross-sectional facts which are difficult to account for in existing models of industrialization. By construction, closed-economy models that stress the role of local demand in generating sufficient expenditure on...

Persistent link: https://www.econbiz.de/10009207519

Distance, skill deepening and development: will peripheral countries ever get rich?

Redding, Stephen; Schott, Peter K. - London School of Economics (LSE) - 2003

This paper models the relationship between countries’ distance from global economic activity, endogenous investments in education, and economic development. Firms in remote locations pay greater trade costs on both exports and intermediate imports, reducing the amount of value added left to...

Persistent link: https://www.econbiz.de/10010745241

Explaining cross-country export performance: international linkages and internal geography

Redding, Stephen; Venables, Tony - London School of Economics (LSE) - 2002

This paper investigates the determinants of countries’ export performance looking in particular at the role of … decomposition, we move on to an econometric analysis of the determinants of export performance. Results include the finding that … to explaining Sub-Saharan Africa’s poor export performance. …

Persistent link: https://www.econbiz.de/10010745712

Factor price equalization in the UK?

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K.; … - London School of Economics (LSE) - 2002

This paper develops a general test of factor price equalization that is robust to unobserved regional productivity differences, unobserved region- industry factor quality differences and variation in production technology across industries. We test relative factor price equalization across...

Persistent link: https://www.econbiz.de/10010746268

History and industry location: evidence from German airports

Redding, Stephen; Sturm, Daniel.M; Wolf, Nikolaus - London School of Economics (LSE) - 2007

A central prediction of a large class of theoretical models is that industry location is not necessarily uniquely determined by fundamentals. In these models, historical accident or expectations determine which of several steady-state locations is selected. Despite the theoretical prominence of...

Persistent link: https://www.econbiz.de/10010746443

Firms in international trade

Bernard, Andrew.B; Bradford Jensen, J.; Redding, Stephen; … - London School of Economics (LSE) - 2007

Despite the fact that importing and exporting are extremely rare firm activities, economists generally devote little attention to the role of firms when discussing international trade. This paper summarizes key differences between trading and non-trading firms, demonstrates how these differences...

Persistent link: https://www.econbiz.de/10011071314