| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1511 |
| DP1511 Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets | |
| Lars E.O. Svensson | |
| 发表日期 | 1996-11-30 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | This paper presents a model in which growth and geographic agglomeration of economic activities are mutually self reinforcing processes. Industrial agglomeration in one location spurs growth because it reduces the cost of innovation in that location through a pecuniary externality due to transaction costs. Growth fosters agglomeration because as the sector at the origin of innovation expands, new firms tend to locate close to this sector. The model can be interpreted as illustrating one mechanism behind the emergence of cities seen as centres for production and innovation, and is consistent with the episodes of simultaneous increases in growth rates and spatial agglomeration. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Agglomeration Cities Endogenous growth Technological progress |
| URL | https://cepr.org/publications/dp1511 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530651 |
| 推荐引用方式 GB/T 7714 | Lars E.O. Svensson. DP1511 Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets. 1996. |
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