Industrial Clusters: Equilibrium, Welfare and Policy.
This paper studies the size and number of industrial clusters that arise in a multi-country world in which one sector has a propensity to cluster because of increasing returns to scale. Equilibrium will generally have smaller clusters than the world welfare optimum, and possibly too many countries w...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2004
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