A Geometry of Specialization
Joseph Francois and
Douglas Nelson
No 98-006/2, Tinbergen Institute Discussion Papers from Tinbergen Institute
Abstract:
Division of labor models have become a standard analytical tool, along withcompetitive general equilibrium models (Ricardian, HOS, Ricardo-Viner), in public finance, trade, growth, development, and macroeconomics. Yet unlike the earlier models, specialization models lack a canonical representation. This is because they are both new and complex, characterized by multiple equilibria, instability, and emergent structural properties under parameter transformation. We develop a general framework for such models, illustrating results from current research on specialization models, and explaining why one sub-class of these models is particularly difficult to illustrate easily.
Keywords: specialization; trade and development; location of industry; agglomeration (search for similar items in EconPapers)
JEL-codes: F12 O12 O41 (search for similar items in EconPapers)
Date: 1998-01-16
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Citations: View citations in EconPapers (4)
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Related works:
Journal Article: A Geometry Of Specialisation (2002)
Working Paper: A geometry of Specialization (1998) 
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:19980006
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