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Spatial equilibrium in deviations: An application to skill‐premium and skill‐mix heterogeneity.
- Source :
-
Journal of Regional Science . Sep2019, Vol. 59 Issue 4, p615-632. 18p. 2 Graphs. - Publication Year :
- 2019
-
Abstract
- In this paper, we propose a novel—and general‐purpose—modeling approach. We give a linear representation of the spatial general equilibrium, expressed in terms of local percentage deviations from the benchmark case of symmetry, where all the areas in the economy are taken to be initially identical. To illustrate the flexibility of our approach, we revisit the literature on the spatial heterogeneity of local skill premia and local skill mix. We show that our approach is able to encompass a variety of alternative explanations in a simple "unifying framework." Finally, we exploit a graphical version of the model to show how to implement empirical tests. [ABSTRACT FROM AUTHOR]
- Subjects :
- *HETEROGENEITY
*SYMMETRY
*ABILITY
*LITERATURE
Subjects
Details
- Language :
- English
- ISSN :
- 00224146
- Volume :
- 59
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Journal of Regional Science
- Publication Type :
- Academic Journal
- Accession number :
- 138414469
- Full Text :
- https://doi.org/10.1111/jors.12418