Takatsuka, Hajime; Zeng, Dao-Zhi - In: Journal of the Japanese and International Economies 26 (2012) 3, pp. 308-325
In this paper, we examine the effects of liberalization on industrial location and national welfare in a framework of new economic geography. Specifically, we explicitly incorporate arbitrary trade costs in both differentiated-good and homogeneous-good sectors into a two-country model, and...