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Large metropolitan regions with pollution, congestion and high rents remain the supernatural economic places. The mystery of what exactly raises productivity in large cities continues. Going back to the famous pin factory of Adam Smith, the answer might be that city workers are able to...
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modern technology produces goods that are ?lighter? to transport than goods produced with traditional technology. In this …
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The economic and financial crisis has generated a significant amount of adverse effects in all European economies, although with substantial differences by countries. For Spain the effects have been severe. From the last third of the last century until the middle of 2008 the economy experienced...
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widely used assumption that technology in the final sector displays constant elasticity of substitution (CES) across the … of the Ethier's (1982) model to the case of a non-specified constant-returns-to-scale (CRS) technology in the final … from specialization. At the other extreme is the translog technology, where the external increasing returns to scale are …
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In this paper, we constructs a model with two-region, two sector and two types of workers. One type of workers has a comparative advantage in agricultural production and mobile between two regions, while the other type of workers has a comparative advantage in producing manufactured goods and...
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By today smart specialization has become a crucial part of the growth strategy of the European Union. Smart specialization is an innovative approach for the economic transformation of regions, a complex development strategy that builds on the unique characteristics and values of regions, and...
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