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Internet development holds the promise of transmitting economic value across physical space at zero marginal cost. In such a 'weightless economy', what factors matter for the location of economic activity and thus for economic development? This paper sketches a model of spatial dynamics over a...
Persistent link: https://www.econbiz.de/10005791414
This paper presents a dynamic, two-region general equilibrium model in which inter-regional production and trade patterns are endogenously determined. Localized growth stems from geographical concentration of an industrial sector exhibiting permanent productivity increases. Geographical...
Persistent link: https://www.econbiz.de/10005504212
Do locational fundamentals such as coastlines and rivers determine town locations, or can historical events trap towns … in unfavorable locations for centuries? We examine the effects on town locations of the collapse of the Western Roman … more often found in Roman-era town locations in France than in Britain, and this difference still persists today. The …
Persistent link: https://www.econbiz.de/10011083231