Integrating macroeconomics and economic geography: the neoclassical growth model in spatial general equilibrium
نویسندگان
چکیده
The neoclassical growth model and the Roback of spatial general equilibrium (SGE) are integrated to study joint determination macroeconomic phenomena (gross domestic product (GDP) rate interest) economic (the distribution gross regional (GRP), employment capital). If internal capital mobility is perfect savings rates homogeneous, GDP depends on SGE, but SGE does not depend GDP. saving spatially heterogeneous, interest in addition imperfectly mobile, outcomes such as GDP, jointly determined. In general, therefore, dichotomy between macroeconomics geography breaks down.
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ژورنال
عنوان ژورنال: Spatial Economic Analysis
سال: 2023
ISSN: ['1742-1780', '1742-1772']
DOI: https://doi.org/10.1080/17421772.2023.2209598