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The paper analyzes the impact of skill-biased migration policies under the economics of agglomeration. It therefore … develops an agglomeration model with two types of mobile worker who are heterogeneous and differ both within and between skill …
Persistent link: https://www.econbiz.de/10005052067
This paper presents a simple, analytically solvable Chamberlinian agglomeration model. As in the canonical core …-periphery (CP) model, two agglomerative forces are at work. However, the present model exhibits a 'pitchfork bifurcation' rather … than the 'tomahawk bifurcation' of the CP model. …
Persistent link: https://www.econbiz.de/10005566532
integration. The "new economic geography" world assumes mobile entrepreneurs which can relocate thus bringing agglomeration forces …
Persistent link: https://www.econbiz.de/10011438609
We study multiregional extension of Krugman's Core-Periphery model. Comprehensive characterization of agglomeration … stability is obtained in terms of the basic parameters of model. In particular, conditions of uniqueness of the stable total …
Persistent link: https://www.econbiz.de/10010648185
equilibria for any degree of discretization, which necessitates a stability analysis of equilibria. We present a general … framework for characterizations of equilibria and their stability under a broad class of evolutionary dynamics by using the …
Persistent link: https://www.econbiz.de/10011118534
The orientation and progress of spatial agglomeration for Krugman's core--periphery model are investigated in this … paper. Possible agglomeration patterns for a system of cities spread uniformly on a circle are set forth theoretically. For … simulation for the model. Such gradual and successive agglomeration, which is called spatial-period doubling, presents a sharp …
Persistent link: https://www.econbiz.de/10008685156
We explore bifurcation phenomena in the open-economy New Keynesian CGG Model based on Clarida et al. (2001, 2002). We … behaviors and policy responses. Introducing parameters related to the open economy structure affects the values of bifurcation … parameters and changes the location of bifurcation boundaries. As a result, the stratification of the confidence region, as …
Persistent link: https://www.econbiz.de/10010636282
This paper analyzes the stability of the (Pareto efficient) nonsunspot equilibria as a function of the constraints …
Persistent link: https://www.econbiz.de/10010572399
We explore bifurcation phenomena in the open-economy New Keynesian model developed by Clarida, Gali and Gertler (2002 … behaviors and policy responses. Introducing parameters related to the open economy structure affects the values of bifurcation … parameters and changes the location of bifurcation boundaries. As a result, the stratification of the confidence region, as …
Persistent link: https://www.econbiz.de/10011109244
We explore bifurcation phenomena in the open-economy New Keynesian model developed by Gali and Monacelli (2005). We … behaviors and policy responses. Introducing parameters related to the open economy structure affects the values of bifurcation … parameters and changes the location of bifurcation boundaries. As a result, the stratification of the confidence region, as …
Persistent link: https://www.econbiz.de/10011111540