On the Evolution of Regional Asymmetries
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Authors
Giovannetti, Emanuele
Publication Date
2004-06-16Series
Cambridge Working Papers in Economics
Publisher
Faculty of Economics
Language
en_GB
Type
Working Paper
Metadata
Show full item recordCitation
Giovannetti, E. (2004). On the Evolution of Regional Asymmetries. https://doi.org/10.17863/CAM.5418
Abstract
The paper models the evolution of regional asymmetries, and the associated intra-distribution mobility, as the outcome of adoption decisions taken by firms at different locations. The following equilibria are characterised: Persistent asymmetry where nobody adopts, Leapfrogging where low-quality firms adopt, Forging ahead where high-quality firms adopt, and Catching up where everybody adopts. The paper studies the impact of economic integration on these equilibria and the evolution of technological asymmetries as well as intra-distribution mobility. In equilibrium, the regional intra-distribution Mobility is described by fluctuations between periods of Leapfrogging, Forging ahead and Catching up.
Keywords
Classification-JEL: L13, R12, O31, Leapfrogging, convergence, Local interaction, Technological adoption, Inta- distribution mobility
Identifiers
This record's DOI: https://doi.org/10.17863/CAM.5418
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