Income Distribution, Market Size, and Industrialization
نویسندگان
چکیده
منابع مشابه
Income Distribution, Market Size and the Evolution of Industry∗
An industry typically experiences initial mass entry and later shakeout of producers over its life cycle. However, the timing of the evolution varies substantially across markets. By exploring the dynamic interactions between technology progress and demand diffusion, our theory suggests that the cross-market differences of industrial evolution are largely the result of underlying demand factors...
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A general equilibrium model of individual specialization is presented in which agents trade off the productivity and price implications of producing a narrower range of goods. Agents with highly specific skills turn out to benefit most from large markets. The model is able to replicate features of the long-term evolution of the US income distribution, with specialization-biased technical change...
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متن کاملOnline Appendix - Trade Integration, Market Size, and Industrialization: Evidence from China's National Trunk Highway System
This appendix proceeds in five sections. Appendix 1 presents a simple multi-region coreperiphery model based on Helpman and Krugman (1985). Appendix 2 presents estimation results concerning the proportion and characterization of complier counties that drive the local average connection effects estimated in the paper. Appendix 3 presents additional estimation and robustness results for both aver...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1989
ISSN: 0033-5533
DOI: 10.2307/2937810