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general equilibrium model with multiple asymmetric regions, costly trade and labor mobility to carve out the aggregate … implications of this policy. Calibrating the model for Germany, we find that it indeed delivers smaller spatial economic …
Persistent link: https://www.econbiz.de/10011872069
Climate research suggests that global warming will lead to more frequent and more extreme natural disasters. Most disasters are local events with effects on local economic activity. Hence, assessing their economic impacts with the help of econometric country-level analysis may lead to biased...
Persistent link: https://www.econbiz.de/10011887406
Climate research suggests that global warming will lead to more frequent and more extreme natural disasters. Most disasters are local events with effects on local economic activity. Hence, assessing their economic impacts with the help of econometric country-level analysis may lead to biased...
Persistent link: https://www.econbiz.de/10011892061
location being determined by the level of education subsidies. For low transport costs, firms agglomerate in one region. We …
Persistent link: https://www.econbiz.de/10010261642
Tax competition for a mobile factor is different in 'new economic geography settings' compared to standard tax competition models. The agglomeration rent which accrues to the mobile factor in the core region can be taxed. Moreover, a tax differential between the core and the periphery can be...
Persistent link: https://www.econbiz.de/10010261800
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/10010262568
This paper uses a two country trade and geography model of monopolistic competition to study the effects of wage … policies and social policies on the location of industry. It is first shown that a union wage push in one of two otherwise … identical countries induces a relocation of firms which increases with the level of economic integration as measured by trade …
Persistent link: https://www.econbiz.de/10010262711
regions in a new trade model, where capital can freely move among regions, but capital rewards are repatriated. We study …
Persistent link: https://www.econbiz.de/10010264594
Changes in trade institutions, such as the abolishment of tariff barriers, have a potentially strong impact on economic …
Persistent link: https://www.econbiz.de/10010264884
Globalization and European integration are substantially changing the interregional division of labor in Europe and the industrial specialization of European regions, thereby potentially affecting the extent of disparities between countries and regions. This paper reviews several theoretical...
Persistent link: https://www.econbiz.de/10010265464