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The Margins of US Trade

Bernard, Andrew B.; Jensen, J. Bradford; Redding, Stephen; … - Centre for Economic Performance, LSE - 2009

Recent research in international trade emphasizes the importance of firms' extensive margins for understanding overall patterns of trade as well as how firms respond to specific events such as trade liberalization. In this paper, we use detailed U.S. trade statistics to provide a broad overview...

Persistent link: https://www.econbiz.de/10005510410

Economic Geography and International Inequality

Redding, Stephen; Venables, Anthony J. - Centre for Economic Performance, LSE - 2001

This paper estimates a structural model of economic geography using cross-country data on per capita income, bilateral trade, and the relative price of manufacturing goods. More than 70% of the variation in per capita income can be explained by the geography of access to markets and to sources...

Persistent link: https://www.econbiz.de/10005016687

Factor Endowments and Production in European Regions

Redding, Stephen; Vera-Martin, Mercedes - Centre for Economic Performance, LSE - 2001

This paper analyses patterns of production across 14 industries in 45 regions from 7 European countries since 1975. We estimate a structural equation derived directly from Heckscher-Ohlin theory that relates an industry's share of a region's GDP to factor endowments and relative prices. Factor...

Persistent link: https://www.econbiz.de/10005016841

Factor Price Equalization in the UK?

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K.; … - Centre for Economic Performance, LSE - 2002

This paper develops a general test of factor price equalization that is robust to unobserved regional productivity differences, unobserved region- industry factor quality differences and variation in production technology across industries. We test relative factor price equalization across...

Persistent link: https://www.econbiz.de/10005017180

Explaining Cross-Country Export Performance: International Linkages and Internal Geography

Redding, Stephen; Venables, Anthony J. - Centre for Economic Performance, LSE - 2002

This paper investigates the determinants of countries' export performance looking in particular at the role of … decomposition, we move on to an econometric analysis of the determinants of export performance. Results include the finding that … to explaining Sub-Saharan Africa's poor export performance. …

Persistent link: https://www.econbiz.de/10005017195

The Empirics of New Economic Geography

Redding, Stephen - Centre for Economic Performance, LSE - 2009

Although a rich and extensive body of theoretical research on new economic geography has emerged, empirical research remains comparatively less well developed. This paper reviews the existing empirical literature on the predictions of new economic geography models for the distribution of income...

Persistent link: https://www.econbiz.de/10005256479

Distance, Skill Deepening and Development: Will Peripheral Countries Ever Get Rich?

Redding, Stephen; Schott, Peter K. - Centre for Economic Performance, LSE - 2003

This paper models the relationship between countries' distance from global economic activity, endogenous investments in education, and economic development. Firms in remote locations pay greater trade costs on both exports and intermediate imports, reducing the amount of value added left to...

Persistent link: https://www.econbiz.de/10005670444

History and Industry Location: Evidence from German Airports

Redding, Stephen; Sturm, Daniel M.; Wolf, Nikolaus - Centre for Economic Performance, LSE - 2007

A central prediction of a large class of theoretical models is that industry location is not necessarily uniquely determined by fundamentals. In these models, historical accident or expectations determine which of several steady-state locations is selected. Despite the theoretical prominence of...

Persistent link: https://www.econbiz.de/10005670452

Economic Geography: A Review of the Theoretical and Empirical Literature

Redding, Stephen - Centre for Economic Performance, LSE - 2009

This paper reviews the new economic geography literature, which accounts for the uneven distribution of economic activity across space in terms of a combination of love of variety preferences, increasing returns to scale and transport costs. After outlining the canonical core and periphery...

Persistent link: https://www.econbiz.de/10005796102

Relative Wage Variation and Industry Location

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K.; … - Centre for Economic Performance, LSE - 2004

Relative wages vary considerably across regions of the United Kingdom, with skill-abundantregions exhibiting lower skill premia than skill-scarce regions. This paper shows that thelocation of economic activity is correlated with the variation in relative wages. U.K. regionswith low skill premia...

Persistent link: https://www.econbiz.de/10005796141