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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19419| Title: | Footloose capital, market access, and the geography of regional state aid |
| Keywords: | F12 R13 L13 ddc:330 economic integration specialization home market effect regional disparities regional policy Wirtschaftsunion Neue Außenhandelstheorie Direktinvestition Standorttheorie Regionale Konzentration Neue ökonomische Geographie Industriestruktur Regionale Disparität EU-Regionalpolitik Landesgröße EU-Staaten home market effect |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | The global welfare implications of home market effects in trade models with imperfect competition are little understood. This paper proposes a simple model in which such implications can be easily analyzed. It shows an overall tendency of imperfectly competitive sectors to inefficiently cluster in locations that offer market access advantages. The more so the stronger the market power of firms as well as the intensity of increasing returns to scale and the lower the trade costs. As such features are likely to differ widely across sectors, those results provide theoretical ground to the promotion of regional policies that are also sectorspecific and not only region-specific as currently in the EU. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19419 |
| Other Identifiers: | http://hdl.handle.net/10419/19419 ppn:330202499 RePEc:zbw:hwwadp:26387 |
| Appears in Collections: | EconStor |
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