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The aim of this study is to analyse the development of new industrial specialisations and the process of export diversification both at the country and the regional level for the EU countries over time. It examines to what extent these processes show path dependent properties, whether persistent...
Persistent link: https://www.econbiz.de/10012960839
This paper analyzes the optimal investment strategy of two firms confronted with the option to adopt a new technology. I add two key features: location and learning. A firm gains relative advantage entirely due to its geographic placement - this is the location benefit. Firms also learn from the...
Persistent link: https://www.econbiz.de/10013072113
that boost agglomeration forces and innovation, fostering further concentration of economic activities. For historic …-offs between agglomeration economies and increasing climate-induced hazards, we develop an evolutionary agent-based model with …-reinforcing and path-dependent agglomeration processes. We then introduce five scenarios considering flood hazards characterized by …
Persistent link: https://www.econbiz.de/10012695125
This paper assesses the network robustness of the technological capability base of 269 European metropolitan areas against the potential elimination of some of their capabilities. By doing so it provides systematic evidence on how network robustness conditioned the economic resilience of these...
Persistent link: https://www.econbiz.de/10013173270
One of the key issues in economics is the explanation of unemployment and its variation across different economies. Doing so, modern mainstream macroeconomics refers to the effects of financial crises and to institutional structures and their variation across countries. However, unemployment...
Persistent link: https://www.econbiz.de/10011503066
This paper constructs a two-country model of international trade to study how labor market frictions affect industry location patterns, unemployment rates, and fully endogenous productivity growth. We show that when the larger country offers subsidies to labor search costs or reduces...
Persistent link: https://www.econbiz.de/10012024720
One of the key issues in economics is the explanation of unemployment and its variation across different economies. Modern mainstream macroeconomics refers to the effects of financial crises and to institutional structures and their variation across countries. However, unemployment within the...
Persistent link: https://www.econbiz.de/10011515639
studies, which have focussed either on local technological capabilities or on agglomeration economies, we compare three … potential explanations of regional advantages: Technological capabilities (proxied by regional patents), agglomeration economies …
Persistent link: https://www.econbiz.de/10002133846
In recent times the employment effects of technical progress raised much intention. Will recent productivity gains lead to technological unemployment or to a new prosperity? In our paper it is shown formally that under general and standard preconditions the price elasticity of demand on product...
Persistent link: https://www.econbiz.de/10011596136
three potential explanations of regional advantages: Technological capabilities (proxied by regional patents), agglomeration …
Persistent link: https://www.econbiz.de/10014135008