AGGLOMERATION AND TRADE REVISITED

Gianmarco Ottaviano, Takatoshi Tabuchi and Jacques Thisse

Chapter 3 in Firms and Workers in a Globalized World:Larger Markets, Tougher Competition, 2021, pp 59-85 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The purpose of this article is twofold. First, we present an alternative model of agglomeration and trade that displays the main features of the recent economic geography literature while allowing for the derivation of analytical results by means of simple algebra. Second, we show how this framework can be used to permit (i) a welfare analysis of the agglomeration process, (ii) a full-fledged forward-looking analysis of the role of history and expectations in the emergence of economic clusters, and (iii) a simple analysis of the impact of urban costs on the spatial distribution of economic activities.

Keywords: Allocative Efficiency; Immigration; Inequality; Innovation; International Competition; International Trade; Macroeconomic Effects of Globalization; New Economic Geography; New Trade Theory; Offshoring; Regional Decline; Regional Growth; Territories; Waves of Globalization; Winners and Losers from Globalization; Borders; Creative Destruction; Cultural Diversity; Economic Geography; Economic Growth; Firm Heterogeneity; Firms and Workers; Globalization (search for similar items in EconPapers)
JEL-codes: F02 F6 F61 F62 (search for similar items in EconPapers)
Date: 2021
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Related works:
Journal Article: Agglomeration and Trade Revisited (2002)
Working Paper: Agglomeration and trade revisited (2002)
Working Paper: Agglomeration and trade revisited (1999)
Working Paper: Agglomeration and Trade Revisited (1999)
Working Paper: Agglomeration and Trade Revisited (1998)
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