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This paper studies the consequences of debt policies on the spatial distribution of output in a two-country model. It departs from the usual set up of local public finance by relaxing the assumption of balanced budget. Further, to single out the pure effect of debt the paper eliminates effects...
Persistent link: https://www.econbiz.de/10010933809
We study the impact of changing relative market access in an enlarged EU on the economies of incumbent Objective 1 regions. First, we track the impact of external opening on internal spatial configurations in a three-region economic geography model. External opening gives rise to potentially...
Persistent link: https://www.econbiz.de/10010750755
The present paper describes the modelling approach of regional labour markets taken in the newly developed dynamic spatial general equilibrium model RHOMOLO, where the labour market equilibrium is determined by ?rms’ labour demand, a wage-curve with unemployment, and inter-regional labour...
Persistent link: https://www.econbiz.de/10011169879
This paper outlines how regional labour market adjustments to macro-economic and policy shocks are modelled in RHOMOLO through participation, employment and migration decisions of workers. RHOMOLO, being a multi-sectoral, inter-regional general equilibrium model, is complex both in terms of its...
Persistent link: https://www.econbiz.de/10011122688
The dynamic spatial general equilibrium model RHOMOLO with endogenous firm location incorporates multiple sources of agglomeration and dispersion. Agglomeration is driven mainly by increasing returns to scale and localised externalities; dispersion by costly trade and imperfect competition. In...
Persistent link: https://www.econbiz.de/10011099080
We use a simple economy with two interconnected geographical zones. Individuals can live and work in one of the two zones or can commute between them. This model is used to explore the dynamics of housing and work decisions after a permanent shock in labour demand occurred in one of the two...
Persistent link: https://www.econbiz.de/10010899603
We exploit the power of the Alonso-Mills-Muth (AMM) urban economics model and show that various utility functions and plausible conditions offer alternative explanations of households' location by income within a city. These include the existence of a "rich" center and more complex socio-spatial...
Persistent link: https://www.econbiz.de/10010633192
Urbanization and poverty have a two-way relationship. Using fixed-effects regression andpanel data from household … surveys, we estimate the effect of urbanization on welfare andpoverty of rural households in Vietnam. We find that … urbanization tends to increaselandlessness of rural households and to reduce their farm income. However, urbanizationhelps rural …
Persistent link: https://www.econbiz.de/10010930218
The objective of this paper is to investigate the impacts of urbanization on human capital andeconomic growth in Africa …. It seeks to contribute to the urbanization-growth debate byinvestigating how urbanization is linked to human capital … accumulation and economic growth.More precisely, compared to previous studies on the urbanization-growth nexus, we (i …
Persistent link: https://www.econbiz.de/10010930231
. This attracted migrants to producing areas and the economic surplus drove urbanization. Using data at a very fine spatial … show that the economic boom in cocoa-producing areas was associated with demographic growth and urbanization. We _nd no …
Persistent link: https://www.econbiz.de/10010738826