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- W3136522100 abstract "How does a country's economic geography evolve along the development path? This paper documents recent employment growth in 18,961 regions in eight of the world's main economies. Overall, market potential is losing importance, and local density is gaining importance, as correlates of local growth. In mature economies, growth is strongest in low-market-potential areas. In emerging economies, the opposite is true, though the association with market potential is also weakening there. Structural transformation away from agriculture can account for some of the observed changes. The part left unexplained by structural transformation is consistent with a standard economic geography model that yields a bell-shaped relation between trade costs and the growth of centrally located regions.Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org." @default.
- W3136522100 created "2021-03-29" @default.
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- W3136522100 date "2019-12-01" @default.
- W3136522100 modified "2023-09-23" @default.
- W3136522100 title "The Shrinking Advantage of Market Potential" @default.
- W3136522100 doi "https://doi.org/10.3386/w26526" @default.
- W3136522100 hasPublicationYear "2019" @default.
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