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The last one and a half centuries have witnessed dramatic changes in the world economy. The service (tertiary) sector, which at the beginning of the 20th century was of little importance relative to agriculture and manufacturing, has become the dominant sector today, accounting for 80% and more...
Persistent link: https://www.econbiz.de/10011487956
This paper reports the application of our new spatial computable general equilibrium (SCGE) model for analyzing the wider effects of strategic transport and land use development options. We examine the insights afforded by a SCGE model relative to those provided by existing land use and...
Persistent link: https://www.econbiz.de/10011507862
asymmetry of productivity of public capital and the existence of capital accumulation. The aim of this paper is to verify how …
Persistent link: https://www.econbiz.de/10011574922
We use firm-level data for 15 countries and 13 manufacturing sectors to estimate firm-level productivity parameters and … to establish representative country-sector-specific empirical productivity distributions. We use these distributions … of technology in shaping international trade flows. We find that, on average, absolute advantage measured as productivity …
Persistent link: https://www.econbiz.de/10013341605
The paper asks whether subsidies aiming to redistribute economic activity across regions can be justified with the welfare argument. Moreover, different tax systems are compared with respect to the size of the subsidy needed for achieving a certain spatial distribution of economic activity, and...
Persistent link: https://www.econbiz.de/10011572982
This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of the line of thought of its prevalent explanation in equilibrium economics which is focusing on market failures as its key underpinning and which is the major toolkit of...
Persistent link: https://www.econbiz.de/10011487099
This paper posits a new approach to the 'wage equation' of the New Economic Geography (NEG). On one side, it is shown that the NEG provides a spatial explanation of marginal costs, instead of wages. On the other side, and focusing on the statistical properties of the data, it is explained why...
Persistent link: https://www.econbiz.de/10011477170
-2007, was the limited growth in terms of output per worker and total factor productivity (TFP), which in combination with wage … human capital, as well as the gap of transport infrastructure capital) to the productivity of labour and the temporal … evolution of TFP over the period 1989-2010. The results of our analysis provide strong evidence of stagnation in productivity …
Persistent link: https://www.econbiz.de/10012491263
The city of Brussels has a unique position in Europe. It is not only the capital city of the European Union, it also the capital of federal state of Belgium, of its two different language communities and of the government of the Brussels region. Independent of this, the city itself is composed...
Persistent link: https://www.econbiz.de/10011534462
. In the model, firms are heterogeneous in productivity. Selection effect and agglomeration economies caused by … agglomeration increase firms' productivity and decreases industrial entry costs, and factor prices are increased because of … shows that the compositive effect is that the influences of productivity on the latter increase with agglomeration level …
Persistent link: https://www.econbiz.de/10011508161