Economic effects of industry transfers in a three-region model based on the footloose capital model

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Abstract

The locations of manufacturers and the agglomeration of industries steady affect the entire economic system and the individual agents in this system. This study uses the footloose capital (FC) model with a new economic geography to extend the two-region model into a more generalized three-region model to analyze the economic effects of industry transfers. This model gives explicit equations for the industry shares in each region when the overall economics turn from positive to negative with market equilibrium. The impact of industry transfers on the economics of the entire economy and of single individuals is investigated numerically. This paper provides a better understanding of the disparities in economic improvements caused by cross-region industry transfers.

Keywords new economic geography economic effects industry transfers footloose capital (FC) model three-region model

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Issue Date: 15 May 2014

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	Wenqing PAN
	Tian WU

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Wenqing PAN,Tian WU. Economic effects of industry transfers in a three-region model based on the footloose capital model[J]. Journal of Tsinghua University(Science and Technology), 2014, 54(5): 672-677.

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http://jst.tsinghuajournals.com/EN/ OR http://jst.tsinghuajournals.com/EN/Y2014/V54/I5/672

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