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One of the most notable features of literature about "new economic geography" is a close association between theoretical and empirical work. In contrast to earlier research, theoretical studies are often much more strongly focused on real-world phenomena. At the same time, empirical work is...
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to shocks, the degree of urbanization and specialization. We take the Great Recession, the economic and financial crisis … period, we find that the degree and nature of regional urbanization and specialization are important drivers of the …
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