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We present a theory of spatial development. A continuum of locations in a geographic area choose each period how much to innovate (if at all) in manufacturing and services. Locations can trade subject to transport costs and technology diffuses spatially across locations. The result is an...
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We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes at the level of a sector in a given U.S. state to...
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the United States and Europe. This divergence also applies to the political reactions to it. Whereas the 27 member states … sein als in den USA und Europa. Das gilt auch für die politischen Reaktionen: Während die 27 Mitgliedstaaten der … beiden Wirtschafts- und Sozialsysteme langfristig den durch die Krise beschleunigten Strukturwandel besser bewältigen wird …
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