| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16466 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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