This paper sets up a multiregional dynamic framework by combining the optimal savings model with investment adjustment costs and the spatially disaggregated model with Dixit-Stiglitz structure in the modern sector. Because of increasing product diversity on the dynamic equilibrium path, the...

This work deals with the interplay of skilled worker emigration and school participation in small developing economies. We develop an Overlapping generations framework with talent heterogeneity, where agents make intertemporal decisions on schooling and emigration. The main innovation compared...

This paper presents a framework for analysing the effects of economic development in Eastern Europe on Austria's regions. Therefore we concentrate on the effects of enhanced East-West trade, which results from the economic development in the transition countries. The analytical framework we use...