G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16466
DP16466 Dynamic Spatial General Equilibrium
Benny Kleinman; Ernest Liu; Stephen Redding
发表日期2021-08-17
出版年2021
语种英语
摘要We develop a dynamic spatial general equilibrium model with forward-looking investment and migration decisions. We characterize analytically the transition path of the spatial distribution of economic activity in response to shocks. We apply our framework to the reallocation of US economic activity from the Rust Belt to the Sun Belt from 1965-2015. We find slow convergence to steady-state, with US states closer to steady-state at the end of our sample period than at its beginning. We find substantial heterogeneity in the effects of local shocks, which depend on capital and labor dynamics, and the spatial and sectoral incidence of these shocks.
主题International Trade and Regional Economics
关键词Spatial dynamics Economic geography Trade Migration
URLhttps://cepr.org/publications/dp16466
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/545423
推荐引用方式
GB/T 7714
Benny Kleinman,Ernest Liu,Stephen Redding. DP16466 Dynamic Spatial General Equilibrium. 2021.
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