Negative Feedbacks in the Economy and Industrial Location
Journal of Regional Science, 1996, 36, 4, 631-652
BRAKMAN, S., GARRETSEN, H., GIGENGACK, R., VANMARREWIJK, C., WAGENVOORT, Rien J.L.M., Negative Feedbacks in the Economy and Industrial Location, Journal of Regional Science, 1996, 36, 4, 631-652 - https://hdl.handle.net/1814/16927
Retrieved from Cadmus, EUI Research Repository
Incorporating regional asymmetry and negative feedbacks (congestion) in a model of economic geography and international trade shows that complete specialization of production at one location is unlikely. We identify an agglomerating force: the home market effect, and two spreading forces, competition for demand from immobile sectors of production and congestion. We demonstrate that negative feedbacks can explain the economic viability of small industrial regions observed in the real world. Simulations clarify the basic structure of the model.
Cadmus permanent link: https://hdl.handle.net/1814/16927
Full-text via DOI: 10.1111/j.1467-9787.1996.tb01122.x
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