Asia's geographic 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 2023-12-12T06:41:00Z
- dc.date.available 2023-12-12T06:41:00Z
- dc.date.issued 2017
- dc.description.abstract This paper studies the impact of spatial frictions on Asia's long-term spatial development. Using the framework provided in Desmet, Nagy, and Rossi-Hansberg (2016), we analyze the evolution of Asia's economy and the relative performance of specific regions and countries. We then perform a number of counterfactual experiments and find that a worldwide drop in transport costs of 40% increases the present discounted value of real income by 70.7% globally and 78% in Asia. These figures are much larger than those found in standard quantitative trade models because they include dynamic effects and take into account intracountry transport costs. We also perform exercises in which we upgrade Asia's road network or relax migratory restrictions between locations in Asia. These exercises emphasize the important role of spatial frictions in the development of Asia's economy.
- dc.format.mimetype application/pdf
- dc.identifier.citation Desmet K, Nagy DK, Rossi-Hansberg E. Asia's geographic development. Asian Development Review. 2017 Sep;34(2):1-24. DOI: 10.1162/adev_a_00093
- dc.identifier.doi http://dx.doi.org/10.1162/adev_a_00093
- dc.identifier.issn 0116-1105
- dc.identifier.uri http://hdl.handle.net/10230/58506
- dc.language.iso eng
- dc.publisher World Scientific Publishing
- dc.relation.ispartof Asian Development Review. 2017 Sep;34(2):1-24
- dc.rights © 2017 Asian Development Bank and Asian Development Bank Institute. Published under a Creative Commons Attribution 3.0 International (CC BY 3.0) license.
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by/3.0/
- dc.subject.keyword Economic geography
- dc.subject.keyword Economy of Asia
- dc.subject.keyword Growth and development
- dc.subject.keyword International migration
- dc.subject.keyword Quantitative trade models
- dc.title Asia's geographic development
- dc.type info:eu-repo/semantics/article
- dc.type.version info:eu-repo/semantics/publishedVersion