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The Geography of Development within Countries
Desmet, Klaus; Henderson, J Vernon - C.E.P.R. Discussion Papers - 2014
This chapter describes how the spatial distribution of economic activity changes as economies develop and grow. We start with the relation between development and rural-urban migration. Moving beyond the coarse rural-urban distinction, we then focus on the continuum of locations in an economy...
Persistent link: https://www.econbiz.de/10011084674
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Spatial Development
Desmet, Klaus; Rossi-Hansberg, Esteban - C.E.P.R. Discussion Papers - 2009
We present a theory of spatial development. A continuum of locations in a geographic area choose each period how much … diffuses spatially across locations. The result is an endogenous growth theory that can shed light on the link between the …
Persistent link: https://www.econbiz.de/10008566320
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The Evolution of Markets and the Revolution of Industry: A Quantitative Model of England's Development, 1300-2000
Desmet, Klaus; Parente, Stephen - C.E.P.R. Discussion Papers - 2009
must then become larger to break even, which facilitates amortizing the fixed costs of innovation. We demonstrate our … theory in a dynamic general equilibrium model calibrated to England's long-run development and explore how various factors …
Persistent link: https://www.econbiz.de/10005041097