eBook

Economic geography and public policy

Baldwin, Richard

2003,2011

Overview

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 Policyfills 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 Policyis essential reading for graduate students, researchers, and policymakers seeking new approaches to spatial policy issues.

• Publisher: Princeton University Press
• Subject: BUSINESS & ECONOMICS / BUSINESS & ECONOMICS / Economics / General / BUSINESS & ECONOMICS / Economics / Theory / Calculation / Cobb–Douglas production function / Commercial policy / Comparative advantage / Competition / Consumer / Cost curve / Demand curve / Depreciation / Developed country / Economic equilibrium / Economic geography / Economic inequality / Economic integration / Economic Policy / Economics / Economics and Finance / Economy / Endogenous growth theory / Entrepreneurship / Expenditure / Externality / Factor endowment / Factor price / Factors of production / Fiscal policy / Free trade / General equilibrium theory / Geography / Government policy / Human capital / Humanities and Social Sciences / Hysteresis / Imperfect competition / Income / Indirect utility function / Industry / Infrastructure / Investment / Left-Hand Side / Liberalization / Long run and short run / Marginal cost / Market (economics) / Market access / Mathematical models / Monopolistic competition / Numeraire / Paul Krugman / Perfect competition / Physical capital / Policy analysis / Policy sciences / Political economy / POLITICAL SCIENCE / POLITICAL SCIENCE / Public Policy / Economic Policy / Present value / Price index / Pricing / Production function / Profit (economics) / Public finance / Public Policy / Rate of return / Real income / Revenue / Secondary sector of the economy / Spatial distribution / Stock / Subsidy / Supply (economics) / Symmetric equilibrium / Tariff / Tax / Tax competition / Tax policy / Tax rate / Theory / Trade barrier / Trade-off / Utility / Variable cost / Wage
• ISBN: 069112311X, 9780691123110, 0691102759, 9780691102757, 1400841232, 9781400841233