Showing 1 - 10 of 19
two regions, the decrease of these costs fosters the gradual agglomeration of plants in the core region accommodating the …
Persistent link: https://www.econbiz.de/10005498045
We address the fundamental question arising in economic geography: why do economic activities agglomerate in a small number of places? The main reasons for the formation of economic clusters involving firms and/or households are analysed: (i) externalities under perfect competition; (ii)...
Persistent link: https://www.econbiz.de/10005123960
transition period and in the long term, with and without agglomeration economies. Without agglomeration economies, income … country may trigger agglomeration in the rich integrated core. …
Persistent link: https://www.econbiz.de/10005497760
This paper presents a model in which growth and geographic agglomeration of economic activities are mutually self … reinforcing processes. Industrial agglomeration in one location spurs growth because it reduces the cost of innovation in that … location through a pecuniary externality due to transaction costs. Growth fosters agglomeration because as the sector at the …
Persistent link: https://www.econbiz.de/10005662416
Canonical analysis of the classical general equilibrium model demonstrates the existence of an open and dense subset of standard economies that possess fully-revealing rational expectations equilibria. This paper shows that the analogous result is not true in urban economies under appropriate...
Persistent link: https://www.econbiz.de/10010636458
The aim of this paper is to explore the structure of cities as a function of labor differentiation, gains to trade, a fixed cost for constructing the transportation network, a variable cost of commodity transport, and the commuting costs of consumers. Firms use different types of labor to...
Persistent link: https://www.econbiz.de/10011083732
This paper explores the formation of cities through labour specialization, gains to trade, a fixed cost for the transportation network, imperfect competition between firms, and the commuting costs of consumers. The model uses a very general setting, allowing a multidimensional location space and...
Persistent link: https://www.econbiz.de/10005498079
Cities are often viewed as places fostering employment. It is shown that the choice of a particular location within a city is a key factor for the creation of jobs by a new firm. This question is addressed in the context of a standard urban model in which existing firms are established at the...
Persistent link: https://www.econbiz.de/10005661841
turmoil. We show that, on average, both agglomeration and the cluster policy are associated with a higher survival probability …
Persistent link: https://www.econbiz.de/10011084140
This paper constructs a two-region endogenous growth model, where economic geography and public infrastructures play a key role. The model allows us to analyse the contribution of different types of redistributive public policies on growth, industrial geography and spatial income distribution....
Persistent link: https://www.econbiz.de/10005136400