| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4588 |
| DP4588 The 3-Equation New Keynesian Model: A Graphical Exposition | |
| David Soskice; Wendy Carlin | |
| 发表日期 | 2004-09-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper takes a broader look at how vertical linkages can trigger the spatial agglomeration of economic activity in a ?new economic geography? (NEG) set-up. First, it formally establishes the key positive features of a wide class of vertical-linkage models without resorting to numerical simulations. Second, it proposes an analytically solvable model of this class. Third, it addresses the important though neglected issue of whether in such models market forces yield too much or too little agglomeration. It shows that, in terms of positive implications, vertical-linkage models are identical to migration models once considered in their ?natural? state space. Important differences arise, however, in terms of normative implications in the absence of interregional transfers: in migration models agglomeration is necessarily bad for people stuck in lagging regions; in the vertical-linkage models it can be good for everybody as it delivers richer product variety. |
| 主题 | International Trade and Regional Economics ; Public Economics |
| 关键词 | New economic geography Vertical linkages Welfare analysis |
| URL | https://cepr.org/publications/dp4588 |
| 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/533509 |
| 推荐引用方式 GB/T 7714 | David Soskice,Wendy Carlin. DP4588 The 3-Equation New Keynesian Model: A Graphical Exposition. 2004. |
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