Spatial Development
Published in American Economic Review • Apr 1, 2014
NobleIDNI5P71W64R85S62
Authors:,
Klaus Desmet
Esteban Rossi‐Hansberg
Abstract
We present a theory of spatial development. Manufacturing and services firms located in a continuous geographic area choose each period how much to innovate. Firms trade subject to transport costs and technology diffuses spatially. We apply the model to study the evolution of the US economy in the l...
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