Working paper icon

Working paper

Industrial Clusters: Equilibrium, Welfare and Policy.

Abstract:

?This Paper studies the size and number of industrial clusters that will arise in a multi-country world in which, because of increasing returns to scale, one sector has a propensity to cluster. It compares the equilibrium with the world welfare maximum, showing that the equilibrium will generally have clusters that are too small, while there are possibly too many countries with a cluster. Allowing national governments to subsidize will move the equilibrium to the world welfare maximum, so the...

Expand abstract

Actions


Authors


Volume:
3004
Publication date:
2001-01-01
URN:
uuid:6af1426a-12b7-463c-8e36-da466169d274
Local pid:
oai:economics.ouls.ox.ac.uk:11629
Language:
English

Terms of use


Metrics


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP