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There is a certain degree of consensus that economic activity is more concentrated in the US than in Europe. In this paper we aim to test the empirical validity of such a proposition, identifying the sectors for which this assertion is more appropriate and determining their predictable future...
Persistent link: https://www.econbiz.de/10005491512
Paul Krugman developed a general equilibrium model with two sectors and two regions in 1991, from which two patterns of industrial localization could be endogenously deduced, dispersion at 50% and total concentration. The introduction of transport costs, which depend on the size of the...
Persistent link: https://www.econbiz.de/10005382032
In this paper, we present an extension to Krugman's core-periphery model-namely, the introduction of the public sector as a new economic agent. There are two main results: first, we demonstrate theoretically that regions with a lower tax-burden in net terms, in the sense of having lower taxes...
Persistent link: https://www.econbiz.de/10010827235
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In this paper we analyse whether different infrastructures affect the location decisions of economic agents. Taking the model in Martin and Rogers (1995), a complete range of infrastructure classes that a region can have is considered. We consider domestic, international transport, international...
Persistent link: https://www.econbiz.de/10005736156
The industrial landscape of the U.S. has undergone major changes in the last three decades, which have affected the location of the work-force as much as sector location. This paper adopts a dynamic approach in order to analyse the principal characteristics of this process in the time-period...
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