The geography of development
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- dc.contributor.author Desmet, Klaus
- dc.contributor.author Nagy, David Krisztián
- dc.contributor.author Rossi-Hansberg, Esteban
- dc.date.accessioned 2019-05-27T07:43:41Z
- dc.date.available 2019-05-27T07:43:41Z
- dc.date.issued 2018
- dc.description.abstract We develop a dynamic spatial growth theory with realistic geography. We characterize the model and its balanced-growth path and propose a methodology to analyze equilibria with different levels of migration frictions. Different migration scenarios change local market size, innovation incentives, and the evolution of technology. We bring the model to the data for the whole world economy at a 1° × 1° geographic resolution. We then use the model to quantify the gains from relaxing migration restrictions. Our results indicate that fully liberalizing migration would increase welfare about threefold and would significantly affect the evolution of particular regions of the world.
- dc.format.mimetype application/pdf
- dc.identifier.citation Desmet K, Nagy D, Rossi-Hansberg E. The geography of Development. Journal of Political Economy. 2018;126(3):903-83. DOI 10.1086/697084
- dc.identifier.doi http://dx.doi.org/10.1086/697084
- dc.identifier.issn 0022-3808
- dc.identifier.uri http://hdl.handle.net/10230/37295
- dc.language.iso eng
- dc.publisher University of Chicago Press
- dc.relation.ispartof Journal of Political Economy. 2018;126(3):903-83
- dc.relation.isreferencedby https://www.journals.uchicago.edu/doi/suppl/10.1086/697084
- dc.rights © University of Chicago Press http://www.journals.uchicago.edu/ET/home.html
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.title The geography of development
- dc.type info:eu-repo/semantics/article
- dc.type.version info:eu-repo/semantics/publishedVersion