Showing 1 - 7 of 7
The global welfare implications of home market effects in trade models with imperfect competition are little understood. This paper proposes a simple model in which such implications can be easily analyzed. It shows an overall tendency of imperfectly competitive sectors to inefficiently cluster...
Persistent link: https://www.econbiz.de/10014121366
We develop a multi-country Dixit-Stiglitz trade model and analyze how industry location and welfare respond to changes in: (i) transport frictions (e.g., infrastructure, transportation technology); and (ii) non-transport frictions (e.g., tariffs, standards and regulations). We show that changes...
Persistent link: https://www.econbiz.de/10014050376
Note: Below is a description of the paper and not the actual abstract. This literature review uncovers common conclusions about the effects of integration on location. When high trade costs prevent strong spatial interactions, the size and characteristics of the local market and factor...
Persistent link: https://www.econbiz.de/10014062004
So far the contribution of New Economic Geography (NEG) has been mainly positive. Normative analysis and policy implications have lagged behind. The reason is the fear of the consequences of taking too literally the neat structure of the models. Under this respect the somewhat incautious aim of...
Persistent link: https://www.econbiz.de/10014090828
Since its very appearance, probably due to its provocative name, New Economic Geography has stirred a debate on whether it is economic geography proper or rather geographical economics. In both cases, its real novelty has been questioned. We focus on this last issue. In particular, we argue that...
Persistent link: https://www.econbiz.de/10014067136
Persistent link: https://www.econbiz.de/10003370385
This chapter analyses the dynamics of regional disparities in the member states that joined the European Union in or after 2004, excluding Cyprus and Malta (EU11). The analysis shows that while differences between countries have been shrinking, regional disparities in GDP per capita and...
Persistent link: https://www.econbiz.de/10012653101