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Trade Costs, Market Access and Economic Geography : Why the Empirical Specification of Trade Costs Matters

Bosker, Erik Maarten; Garretsen, Harry - 2021

Trade costs are crucial in new economic geography (NEG) models. The unavailability of actual trade costs data requires the approximation of trade costs. Most NEG studies do not deal with the ramifications of the particular trade costs specification used. This paper shows that the specification...

Persistent link: https://www.econbiz.de/10013316892

On the Productivity Advantage of Cities

Jacob, Nick - 2020

Ever since Marshall (1890) agglomeration externalities have been viewed as the key factor explaining the existence of cities and their size. However, while the various micro foundations of agglomeration externalities stress the importance of Total Factor Productivity (TFP), the empirical...

Persistent link: https://www.econbiz.de/10012834899

Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies

Agnosteva, Delina - 2020

We consider an international cartel whose members interact repeatedly in their own as well as in third-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by the cartel's incentive compatibility constraint (ICC),...

Persistent link: https://www.econbiz.de/10012822505

Creativity Over Time and Space - a Historical Analysis of European Cities

Serafinelli, Michel; Tabellini, Guido - 2021

and decay of clusters of creativity? We match data on notable individuals born in Europe between the XIth and the XIXth …

Persistent link: https://www.econbiz.de/10013235118

Brown growth, green growth, and the efficiency of urbanization

Quaas, Martin F.; Smulders, Sjak - 2012

We analyze the efficiency of urbanization patterns in a stylized dynamic model of urban growth with three sectors of …'). If, however, production becomes cleaner over time ('green growth') the equilibrium urbanization path reaches the … efficient urbanization path after finite time without need of a coordinating mechanism. The results may be generalized to take …

Persistent link: https://www.econbiz.de/10010291550

Adding Geography to the New Economic Geography

Bosker, Erik Maarten; Brakman, Steven; Garretsen, Harry; … - 2021

For reasons of analytical tractability, new economic geography (NEG) models treat geography in a very simple way: attention is either confined to a simple 2-region or to an equidistant multi-region world. As a result, the main predictions regarding the impact of e.g. diminishing trade costs are...

Persistent link: https://www.econbiz.de/10013316995

Competition, Land Prices, and City Size

Kichko, Sergey - 2019

Larger cities typically give rise to two opposite effects: tougher competition among firms and higher production costs. Using an urban model with substitutability of production factors and pro-competitive effects, I study the response of the market outcome to city size, land-use regulations, and...

Persistent link: https://www.econbiz.de/10012866551

Trade Openness and Income Inequality : New Empirical Evidence

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021

We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...

Persistent link: https://www.econbiz.de/10013218286

The Short-Run and Long-Run Effects of Trade Openness on Financial Development : Some Panel Evidence for Europe

Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2021

This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...

Persistent link: https://www.econbiz.de/10013227601

Knowledge-capital meets new economic geography

Egger, Peter; Gruber, Stefan; Larch, Mario; … - 2005

We incorporate the now standard knowledge-capital model of multinational firms in a new economic geography setting. The theoretical predictions of our model suggest that unskilled labor mobility leads to less concentration of production than skilled labor mobility does. This is in line with...

Persistent link: https://www.econbiz.de/10010261159

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