全球智库信息集成服务系统(G2TT): Persistence and Path Dependence in the Spatial Economy

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w28059
来源ID	Working Paper 28059
	Persistence and Path Dependence in the Spatial Economy
	Treb Allen; Dave Donaldson
发表日期	2020-11-09
出版年	2020
语种	英语
摘要	How much of the spatial distribution of economic activity today is determined by history rather than by geographic fundamentals? And if history matters for the distribution, does it also affect overall efficiency? This paper develops a tractable theoretical and empirical framework that aims to provide answers to these questions. We derive conditions on the strength of agglomeration externalities, valid for any geography, under which temporary historical shocks can have extremely persistent effects and even permanent consequences (path dependence). We also obtain new analytical expressions, functions of the particular geography in question, that bound the aggregate welfare level that can be sustained in any steady-state, thereby bounding the potential impact of history. Our simulations—based on parameters estimated from spatial variation across U.S. counties from 1800-2000—imply that small variations in historical conditions have substantial consequences for both the spatial distribution and the efficiency of U.S. economic activity, both today and in the long-run.
主题	Econometrics ; Estimation Methods ; Microeconomics ; Mathematical Tools ; International Economics ; Trade ; Regional and Urban Economics ; Regional Economics
URL	https://www.nber.org/papers/w28059
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/585732
推荐引用方式 GB/T 7714	Treb Allen,Dave Donaldson. Persistence and Path Dependence in the Spatial Economy. 2020.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w28059.pdf（2288KB）	智库出版物		限制开放	CC BY-NC-SA	浏览