Industrial Clusters: Equilibrium, Welfare and Policy.
?This Paper studies the size and number of industrial clusters that will arise in a multi-country world in which, because of increasing returns to scale, one sector has a propensity to cluster. It compares the equilibrium with the world welfare maximum, showing that the equilibrium will generally ha...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
CEPR
2001
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