Equilibrium dynamics in a model of growth and spatial agglomeration
Equilibrium dynamics in a model of growth and spatial agglomeration
复制标题
增长和空间集聚模型中的平衡动力学
DOI：
10.1017/s1365100521000377
复制
发表时间：
2021
影响因子：
0.9
通讯作者：
Oyama Daisuke
中科院分区：
文献类型：
--
作者：
Fujishima Shota;Oyama Daisuke
我们提出了一个多区域内生增长模型，其中前瞻性的代理人选择他们的地区居住，除了消费和资本积累路径。生产溢出效应和城市拥挤效应的相互作用决定了经济活动的空间分布。我们的空间均衡状态的经济原语，如代理人的时间偏好和内部和区域间溢出的全球稳定性的特征。我们还研究了宏观经济变量在稳定均衡状态下如何根据溢出网络的结构表现。
We present a multiregional endogenous growth model in which forward-looking agents choose their regions to live in, in addition to consumption and capital accumulation paths. The spatial distribution of economic activity is determined by the interplay between production spillover effects and urban congestion effects. We characterize the global stability of the spatial equilibrium states in terms of economic primitives such as agents’ time preference and intra- and interregional spillovers. We also study how macroeconomic variables at the stable equilibrium state behave according to the structure of the spillover network.