Why some places are left-behind: urban adjustment to trade and policy shocks
Economic adjustment to trade and policy shocks is hampered by the fact that some sectors tend to cluster, so are hard to initiate in new places. This can give rise to persistent spatial disparities between cities within a country. The paper sets out a two-sector model in which cities divide into tho...
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| Format: | Working paper |
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University of Oxford
2020
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