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The present work introduces four theoretical papers, which primarily focus on R&D, interindustrial linkages, and their policy implications. All in all, three issues basically motivated conception and realization: At first, previous NEG models do not incorporate endogenous R&D activities of...
Persistent link: https://www.econbiz.de/10010201461
This paper considers a small open economy with an input-output industrial structure that creates vertical linkages and multiple equilibria. An imperfect labor market is introduced by assuming unionized labor. It is shown that a deregulation of the labor market may trigger a large discontinuous...
Persistent link: https://www.econbiz.de/10010334766
This paper studies the impact of trade liberalization on labor market outcomes. First, we find that bilateral trade liberalization does not affect exports towards third countries. To accommodate this novel result, we deviate from existing literature and rely on a three-country monopolistic...
Persistent link: https://www.econbiz.de/10011265927
This paper considers a small open economy with an input-output industrial structure that creates vertical linkages and multiple equilibria. An imperfect labor market is introduced by assuming unionized labor. It is shown that a deregulation of the labor market may trigger a large discontinuous...
Persistent link: https://www.econbiz.de/10005645338
In this paper we develop a three-country monopolistic competition model with variable elasticity of substitution and vertical linkages to study the impact of trade liberalization on trade creation, trade diversion and labor market outcomes. This framework allows us to identify a source of gain...
Persistent link: https://www.econbiz.de/10010827777
Persistent link: https://www.econbiz.de/10010361856
This paper models the migration of the Creative Class (Florida, 2003) in a New-Economic-Geography framework. Beside wage differentials, urban cultural amenities play an important role on the choice of location. A public cultural good, financed by taxes, is introduced as an agglomeration force....
Persistent link: https://www.econbiz.de/10011441482
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
In this paper we want to shed some light on the empirical relevance of the new economic geography. Using one of the central features of the core new economic geography models, namely that wages have the tendency to fall the further one moves away from centres of economic activity, we investigate...
Persistent link: https://www.econbiz.de/10009780204
This study empirically establishes a link between medieval trade, agglomeration and contemporary regional development in ten European countries. It documents a statistically and economically significant positive relationship between prominent involvement in medieval trade and commercial...
Persistent link: https://www.econbiz.de/10010201723