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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
The core-periphery model by Krugman (1991) has two 'dramatic' implications: catastrophic agglomeration and locational hysteresis. We study this seminal model with CES instead of Cobb-Douglas upper tier preferences. This small generalization suffices to change these stark implications. For a wide...
Persistent link: https://www.econbiz.de/10005822499
simple, analytically solvable ‘new economic geography’ model with two trade integrating regions. The location pattern … emerging as market equilibrium is “bubbleshaped”, i.e. it features dispersion of firms both at high and low trade costs and … trade costs. Our central finding is that the market equilibrium is characterised by over-agglomeration for high trade costs …
Persistent link: https://www.econbiz.de/10005700894
the context of globalization – a term typically used to describe the phenomenon of growing international trade and … basic negative association between growth and volatility has been preserved during the 1990s, both trade and financial … interaction between volatility and trade integration is significantly positive. We find a similar, although less significant …
Persistent link: https://www.econbiz.de/10005233764
This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using … is evidence of bidirectional causality between CO2 emissions and economic growth. Economic growth and trade openness are … interrelated i.e. bidirectional causality. Feedback hypothesis is validated between trade openness and financial development …
Persistent link: https://www.econbiz.de/10011195814
The EU and the US have started negotiations on a Transatlantic Trade and Investment Partnership Agreement (TTIP) which …
Persistent link: https://www.econbiz.de/10010884392
trade in addition to wages. The bottom-line interests are to provide elasticities of the demand for unskilled (and other …) labor that should assist in short-run policy design and to identify the extent of skill biases or otherwise in trade and …
Persistent link: https://www.econbiz.de/10005763787
its size and welfare impact, and b) examines the impact of international migration as well as the migration-trade …-South migration raises bloc size and welfare; iv) South-South migration and trade are complements under market access negotiations and …
Persistent link: https://www.econbiz.de/10008506072
) of trade-related foreign R&D (NRD), education and governance. The measures of NRD are constructed based on industry …-specific R&D in the North, North-South trade patterns, and input-output relations in the South. The main findings are: i … variables – education, governance or openness – result in virtuous growth cycles. These are smallest under an increase in trade …
Persistent link: https://www.econbiz.de/10008568276
This paper develops and implements a new benchmarking approach for labor market regions. Based on panel data for regions, we use nonparametric matching techniques to account for observed labor market characteristics and for spatial proximity. As the benchmark, we estimate the counterfactual...
Persistent link: https://www.econbiz.de/10011279231