
Economic Geography and Public Policy.
Title:
Economic Geography and Public Policy.
Author:
Baldwin, Richard.
ISBN:
9781400841233
Personal Author:
Physical Description:
1 online resource (466 pages)
Contents:
Cover -- Title Page -- Copyright Page -- Table of Contents -- Chapter 1: Introduction -- 1.1 Logic of the Book's Structure -- 1.2 Readers' Guide -- 1.3 Empirical Evidence -- References -- Part I: Preliminaries -- Chapter 2: The Core-Periphery Model -- 2.1 Introduction -- 2.2 The Symmetric CP Model -- 2.3 Key Features -- 2.4 Concluding Remarks and Related Literature -- Appendix 2.A: Everything You Wanted to Know about Dixit-Stiglitz but were Afraid to Ask -- Appendix 2.B: Technicalities -- Appendix 2.C: Exogenous Asymmetries -- References -- Chapter 3: The Footloose Capital Model -- 3.1 Introduction -- 3.2 The Symmetric FC Model -- 3.3 Key Features -- Appendix 3.A: FC Model with Exogenous Asymmetries -- References -- Chapter 4: The Footloose Entrepreneur Model -- 4.1 Introduction -- 4.2 The Symmetric FE Model -- 4.3 Key Features -- 4.4 Concluding Remarks and Related Literature -- Appendix 4.A: Technicalities and Exogenous Asymmetries -- References -- Chapter 5: Linear Models -- 5.1 Introduction -- 5.2 The Linear FC Model -- 5.3 The Linear FE Model -- 5.4 Congestion in the Linear FE Model -- 5.5 Concluding Remarks and Related Literature -- References -- Chapter 6: The Constructed Capital Model -- 6.1 Introduction -- 6.2 The Symmetric CC Model -- 6.3 The CC Model with Capital Mobility -- 6.4 Key Features -- 6.5 Concluding Remarks and Related Literature -- References -- Chapter 7: Global and Local Spillovers Models -- 7.1 Introduction -- 7.2 The Symmetric GS Model -- 7.3 The Symmetric LS Model -- 7.4 Concluding Remarks and Related Literature -- References -- Chapter 8: Vertical Linkages Models -- 8.1 Introduction -- 8.2 The CPVL Model -- 8.3 The FCVL Model -- 8.4 The FEVL Model -- 8.5 Key Features of VL Models -- 8.6 Concluding Remarks and Related Literature.
Appendix 8.A: Formal Stability Tests in Vertical-Linkage Models -- Part II: General Policy and Welfare Issues -- Chapter 9: Policy and Economic Geography: What's New? -- 9.1 Introduction -- 9.2 Threshold Effects, Discontinuities and Hysteresis -- 9.3 General Non-Linear Effects -- 9.4 Interaction Terms: Trade Freeness Also Matters -- 9.5 Selection Effects -- 9.6 Coordination Effects -- 9.7 Concluding Remarks and Related Literature -- Appendix 9.A. Heterogeneous Moving Costs Among the Agents -- References -- Chapter 10: A Typology of Welfare Effects: Regional Perspective -- 10.1 Introduction -- 10.2 Organizing Framework -- 10.3 Dixit-Stiglitz Preferences -- 10.4 Allowing for Variable Factor Supplies -- 10.5 Allowing for Endogenous Growth -- References -- Chapter 11: Efficiency, Equity and Optimal Agglomeration -- 11.1 Introduction -- 11.2 Equity and Efficiency in the Footloose Capital Model -- 11.3 Symmetric Footloose Entrepreneur Model -- 11.4 Conclusion -- References -- Part III: Trade Policy -- Chapter 12: Unilateral Trade Policy -- 12.1 Introduction -- 12.2 Price-Lowering Protection (PLP) -- 12.3 Liberalization and Industrialization -- 12.4 Industrial Development, Market Size and Comparative Advantage -- 12.6 Concluding Remarks -- References -- Chapter 13: Reciprocal Trade Agreements -- 13.1 Introduction -- 13.2 The Model -- 13.3 Symmetric Liberalization and Delocation -- 13.4 Trade Liberalization without Delocation -- 13.5 Avoiding Delocation via International Transfers -- 13.6 Concluding Comments -- References -- Chapter 14: Preferential Trade Agreements -- 14.1 Introduction -- 14.2 The Multi-Nation Footloose Capital Model -- 14.3 Production Shifting and Investment Diversion -- 14.4 Domino Effects and Endogenous Bloc Size -- 14.5 Hubs and Spokes: The Hub Effect.
14.6 Free Trade Areas and Internal Catastrophes -- 14.7 Concluding Remarks and Related Literature -- References -- Part IV: Tax Policy -- Chapter 15: Agglomeration with Taxation and Public Goods -- 15.1 Introduction -- 15.2 The Standard Tax Competition Literature -- 15.3 Lumpy World Taxes: Immobility of Perfectly Mobile Capital -- 15.4 Agglomeration and the Tax Gap: the CP Thought Experiment -- 15.5 Taxes with Symmetric Countries -- 15.6 Tax-Financed Public Goods as a Destabilizing Force -- 15.7 Duelling Public Amenities: A Modified Tiebout Hypothesis -- 15.8 Redistributive Taxes: Openness and Taxation of Mobile Factors -- References -- Chapter 16: Tax Competition and Agglomeration -- 16.1 Introduction -- 16.2 Tax Competition Between Similar Countries: Simplest Case -- 16.3 Harmless Tax Competition: Tiebout and Agglomeration -- 16.4 Tax Competition and Capital Mobility -- 16.5 Tax Competition and Catastrophic Agglomeration -- 16.6 Uneven Tax Competition and Asymmetric Nations: Race to the Top and Bottom -- 16.7 Concluding Remarks and Related Literature -- References -- Part V: Regional Policy -- Chapter 17: Infrastructure Policies and Economic Geography -- 17.1 Introduction -- 17.2 Public Policies: Growth and Geography Effects -- 17.3 Agglomeration, Congestion and Growth -- 17.4 Non-Linear Effects of Public Policies -- 17.5 Concluding Remarks and Related Literature -- References -- Chapter 18: Political Economics of Regional Subsidies -- 18.1 Introduction -- 18.2 The Augmented FC Model -- 18.3 The Vote Market Effect -- 18.4 The Role of the Electoral System in a Decentralized State -- 18.5 Legislative Bargaining and Strategic Delegation -- 18.6 Concluding Comments -- References -- Chapter 19: Concluding Remarks and Directions for Future Research -- 19.1 Summary of Insights -- 19.2 Future Research -- References -- Index.
Abstract:
Research on the spatial aspects of economic activity has flourished over the past decade due to the emergence of new theory, new data, and an intense interest on the part of policymakers, especially in Europe but increasingly in North America and elsewhere as well. However, these efforts--collectively known as the "new economic geography"--have devoted little attention to the policy implications of the new theory. Economic Geography and Public Policy fills the gap by illustrating many new policy insights economic geography models can offer to the realm of theoretical policy analysis. Focusing primarily on trade policy, tax policy, and regional policy, Richard Baldwin and coauthors show how these models can be used to make sense of real-world situations. The book not only provides much fresh analysis but also synthesizes insights from the existing literature. The authors begin by presenting and analyzing the widest range of new economic geography models to date. From there they proceed to examine previously unaddressed welfare and policy issues including, in separate sections, trade policy (unilateral, reciprocal, and preferential), tax policy (agglomeration with taxes and public goods, tax competition and agglomeration), and regional policy (infrastructure policies and the political economy of regional subsidies). A well-organized, engaging narrative that progresses smoothly from fundamentals to more complex material, Economic Geography and Public Policy is essential reading for graduate students, researchers, and policymakers seeking new approaches to spatial policy issues.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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