CORE-PERIPHERY MODELS WITH 4 AND MORE REGIONS

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Publications

A prospective review on new economic geography

Publication . Gaspar, José M.

This paper serves as an orientation towards the understanding of some of the contributions and theoretical limitations in New Economic Geography and seeks to provide a prospective assessment of new avenues of research along which the field could improve and develop. We identify many of the persistent features and assumptions which have thwarted the evolution of New Economic Geography and led to a sprawl of criticism within the field. This criticism has opened a discussion towards the identification of new possible directions, some of which are being progressively undertaken, while others raise issues that are difficult to overcome both analytically and empirically.

2018Journal article

Restricted access

The footloose entrepreneur model with a finite number of equidistant regions

Publication . Gaspar, José M.; Castro, Sofia B. S. D.; Correia-da-Silva, João

We study the Footloose Entrepreneur model with a finite number of equidistant regions, focusing on the analysis of stability of agglomeration, total dispersion, and boundary dispersion. As the number of regions increases, there is more tendency for agglomeration and less tendency for dispersion. As it tends to infinity, agglomeration always becomes stable while dispersion always becomes unstable. These results are robust to any composition of the global workforce and its dependence on the number of regions. Numerical evidence suggests that boundary dispersion is never stable. We introduce exogenous regional heterogeneity and obtain a general condition for stability of agglomeration.

2019Journal article

Open access