By Bernard Fingleton
This significant new booklet explores unique and substitute instructions for fiscal geography following the revolution induced by way of the appearance of so-called 'New monetary Geography' (NEG). when, to some degree, the quantity will be considered as a part of the inevitable inventive destruction of NEG concept, it does advertise the ongoing function of theoretical and empirical contributions inside spatial financial research, within which the reason of medical research and monetary common sense keep a primary position. With contributions from top specialists within the box, the ebook offers a finished research of the level to which NEG concept is supported within the genuine international. by way of exploring no matter if NEG concept will be successfully utilized to supply functional insights, the authors spotlight novel ways, rising tendencies, and promising new traces of enquiry within the wake of advances made through NEG. Rigorous but enticing, this publication should be a vital software for lecturers and researchers specialising in local reports, city and spatial economics and monetary geography. it is going to even have frequent charm among policymakers focused on making plans and land use.
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Additional resources for New Directions in Economic Geography (New Horizons in Regional Science)
Sample text
Dorset Cornwall Devon West_Wales East_Wales North_East_Scot. Eastern_Scotland South_West_Scot. 2 New directions in economic geography Manufacturing subsectors defined as M activities 15: Manuf. food products and beverages 16: Manuf. tobacco products 17: Manuf. textiles 18: Manuf. apparel; dressing/dyeing fur 19: Tanning/dressing of leather, etc. 20: Manuf. wood/products/cork, etc. 21: Manuf. pulp, paper and paper products 22: Publishing, printing, repro recorded media 23: Manuf. coke, refined petroleum products 24: Manuf.
6. The levels reflect the fact that the total number of workers in Great Britain has been set equal to 1. REFERENCES Abdel-Rahman, H. and M. Fujita (1990), ‘Product variety, Marshallian externalities and city size’, Journal of Regional Science, 30: 165–83. NEG: some preliminaries 51 Bernat, A. (1996), ‘Does manufacturing matter? A spatial econometric view of Kaldor’s laws’, Journal of Regional Science, 36: 463–77. Ciccone, A. E. Hall (1996), ‘Productivity and the density of economic activity’, American Economic Review, 86: 54–70.
We also include real M wages i as a contrast to the nominal wages wM i . 4 shows the short-term equilibrium values of our endogenous variables, using C wages in the North as a numeraire. 2 the effect that the income level (Yi) in the South is higher. Even though most of M is located in the South, M wages, both nominal and real, are higher in the North. 5) what happens to the endogenous variables if we reduce the elasticity of substitution so that ϭ2, keeping all other values the same. As a result the South’s income has increased, and that of the North decreased, and M wages in the South are now higher than those of the North.