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agglomeration is highest when trade costs are high. Besides this minor problem, the second critical issue concerns the welfare …
Persistent link: https://www.econbiz.de/10010294654
agglomeration is highest when trade costs are high. Besides this minor problem, the second critical issue concerns the welfare …
Persistent link: https://www.econbiz.de/10005557814
We model the behavior of rational forward-looking agents in a spatial economy. The economic geography structure is built on Fujita et al. (1999)'s racetrack economy. Workers choose optimally what to consume at each period, as well as which spatial itinerary to follow in the geographical space....
Persistent link: https://www.econbiz.de/10010636464
agglomeration of skilled labour can reduce "real" income in both regions. Even if there is a "winning" region, human capital and …
Persistent link: https://www.econbiz.de/10010403243
the agglomeration. Regression analysis highlights that proximity, administrative boundaries, accessibility, and labor …
Persistent link: https://www.econbiz.de/10015055279
The question regarding the effects of changing transports costs on the size distribution of cities is an important topic of systems of cities research. The so-called New Economic Geography has already given some answers to this question. One central assumption in this kind of model is a very...
Persistent link: https://www.econbiz.de/10010285512
key insight that emerges is that the interaction between agglomeration economies and comparative advantage involves a … comparative advantage in sectors governed by this force whilst the impact of agglomeration economies is enhanced by trade cost … small economies is not only shaped by the primitives that determine agglomeration economies and comparative advantage but …
Persistent link: https://www.econbiz.de/10011543995
Do urban agglomeration economies enhance the social profitability of rural roads? When all goods are traded at … families. In a closed, two-good economy with mobile labour, the effects of agglomeration economies depend on the … presence of empirically plausible elasticities of agglomeration economies when preferences are Cobb-Douglas and urban …
Persistent link: https://www.econbiz.de/10011874088
likely to involve too much agglomeration compared to the former. …
Persistent link: https://www.econbiz.de/10005043197
likely to involve too much agglomeration compared to the former. …
Persistent link: https://www.econbiz.de/10005661828