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This Paper compares the effect of economic integration on industry location for a small country that goes ahead with an integration process, such as the European, and a country that stays out. Theoretical results, derived from a three-region new economic geography model, are compared to stylized...
Persistent link: https://www.econbiz.de/10005123822
This paper compares the effect of economic integration on industry location for a small country that goes ahead with an integration process, such as the European, and a country adopting a wait and see strategy. Theoretical results, derived from a three-region new economic geography model, are...
Persistent link: https://www.econbiz.de/10005648522
integration. The "new economic geography" world assumes mobile entrepreneurs which can relocate thus bringing agglomeration forces …
Persistent link: https://www.econbiz.de/10011438609
Many countries devote a large part of their national budget to regional policy. This paper analyses the interaction of economic integration and some typical regional policies in a new economic geography model with three regions of different size. The policies analysed are the relocation of...
Persistent link: https://www.econbiz.de/10005645482
Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern and the efficiency of the market equilibrium. This reflects the fact that these models rely heavily on specific...
Persistent link: https://www.econbiz.de/10010276249
Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern and the efficiency of the market equilibrium. This reflects the fact that these models rely heavily on specific...
Persistent link: https://www.econbiz.de/10005233783
historically emerged as the core. The agglomeration rent which accrues to the mobile factor gives unions and governments in the …
Persistent link: https://www.econbiz.de/10013319979
We generalize the model of Krugman (1991) to allow for asymmetric trade costs between regions and for (asymmetric) trade costs that are internal to the regions. We find that industrial activity, in a region, is enhanced by higher costs of importing and lower costs of exporting (more precisely,...
Persistent link: https://www.econbiz.de/10005059523
This Paper takes a broader look at how vertical linkages can trigger the spatial agglomeration of economic activity in … too little agglomeration. It shows that, in terms of positive implications, vertical-linkage models are identical to … implications in the absence of interregional transfers: in migration models agglomeration is necessarily bad for people stuck in …
Persistent link: https://www.econbiz.de/10005504527
historically emerged as the core. The agglomeration rent which accrues to the mobile factor gives unions and governments in the …
Persistent link: https://www.econbiz.de/10010262711