| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7482 |
| DP7482 Delegating Optimal Monetary Policy Inertia | |
| Florin Bilbiie | |
| 发表日期 | 2009-10-04 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We present a theory of spatial development. A continuum of locations in a geographic area choose each period how much to innovate (if at all) in manufacturing and services. Locations can trade subject to transport costs and technology diffuses spatially across locations. The result is an endogenous growth theory that can shed light on the link between the evolution of economic activity over time and space. We apply the model to study the evolution of the U.S. economy in the last few decades and find that the model can generate the reduction in the employment share in manufacturing, the increase in service productivity in the second part of the 1990s, the increase in land rents in the same period, as well as several other spatial and temporal patterns. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Dynamic spatial models Growth Innovation Land rent evolution Structural transformation Technology diffusion Trade |
| URL | https://cepr.org/publications/dp7482 |
| 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/536319 |
| 推荐引用方式 GB/T 7714 | Florin Bilbiie. DP7482 Delegating Optimal Monetary Policy Inertia. 2009. |
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