文章基本信息

标题：International Factor Mobility and Dynamic Paths
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作者：Hiroshi Goto ; Yuji Matsuoka
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2013
卷号：03
期号：06
页码：302-305
DOI：10.4236/tel.2013.36051
语种：English
出版社：Scientific Research Publishing
摘要：The aim of this paper is to consider the adjustment process of the spatial structure in a two-country economy where both labor and capital are mobile. For this purpose, we combine the model of New Economic Geography with the phase diagram technique. We show that the agglomeration processes are not always monotonic since the mobile factors interact with each other. More specifically, even when both factors are eventually agglomerated to one country, it is possible that labor and capital move in opposite directions in the adjustment process. Differences in factor endowment ratio and market size play significant roles in this transition path.
关键词：Labor Mobility; Capital Mobility; Spatial Equilibrium; Adjustment Process; Phase Diagram