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Why are some spatial differences in land rents and wages not bid away by firms and individuals in search of low-cost or high-income locations? Why does economic activity cluster in centers of activity? And what are the consequences of remoteness from existing centers?
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. Halving transport costs increases that trade volume by a factor of five. Improving the standard of infrastructure from that of … to investigate how transport depends on geography and infrastructure. Landlocked countries have high transport costs … flows with regard to transport costs to be high, at about -2.5. This means that: · The median landlocked country has only 30 …
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intermediate goods bear transport costs that increase with distance. Production and trade depend on factor endowments and factor … intensities as well as on distance and the transport intensities of different goods. - The combination of distance, poor … infrastructure, and being landlocked by neighbors with poor infrastructure can make transport costs many times higher for some …
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This paper develops a computable spatial equilibrium model of Central Asia and uses it to analyze the possible effects of the Belt Road Initiative on the economy of the region. The model captures international and subnational economic units and their connectivity to each other and the rest of...
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