This paper posits a new approach to the 'wage equation' of the New Economic Geography (NEG). On one side, it is shown … statistical properties of the data, it is explained why the wage-type equations tend to be accepted in empirical tests for … results. It is shown that the way in which Market Potential is built generates similar estimation results for variables that …

declining effect of distance on international trade are biased upward by not accounting for endogenous EIA formations and … phase-ins of agreements, lagged terms-of-trade effects, reverse causality, various estimation techniques, disaggregation … trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration …

A search model of the labor market is augmented to include commuting time to work. The theory posits that wages are … selection will bias downward the wage impact of commuting, and marginally affect the coefficients on education, age and gender … positively related to commute distance, by a factor itself depending negatively on the bargaining power of workers. Since not all …

A search model of the labor market is augmented to include commuting time to work. The theory posits that wages are … selection will bias downward the wage impact of commuting, and marginally affect the coefficients on education, age and gender … positively related to commute distance, by a factor itself depending negatively on the bargaining power of workers. Since not all …