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A Chamberlinian Agglomeration Model with External Economies of Scale
| Title: | A Chamberlinian Agglomeration Model with External Economies of Scale |
| Authors: | Kurata, Hiroshi1 Browse this author | | Nomura, Ryoichi2 Browse this author | | Suga, Nobuhito3 Browse this author →KAKEN DB |
| Authors(alt): | 倉田, 洋1 | | 野村, 良一2 | | 須賀, 宣仁3 |
| Keywords: | New economic geography | | Agglomeration | | Footloose capital | | External economies of scale |
| Issue Date: | Aug-2011 |
| Publisher: | Graduate School of Economics and Business Administration, Hokkaido University |
| Journal Title: | Discussion Paper, Series A |
| Volume: | 242 |
| Start Page: | 1 |
| End Page: | 25 |
| Abstract: | We investigate the effects of a reduction in trade costs on industrial location and welfare in an economy with external economies of scale. We propose a Chamberlinian agglomeration model with footloose capital, which is analytically-solvable. With respect to industrial location, we demonstrate that a reduction in trade cost is likely to lead to agglomeration. With respect to welfare, we show that agglomeration makes a country with agglomeration better off, and the country without agglomeration better or worse off, depending on the degree of external economies of scale. We also prove that agglomeration makes the overall economy better off. |
| Type: | bulletin (article) |
| URI: | http://hdl.handle.net/2115/46972 |
| Appears in Collections: | Discussion paper > Series A
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