The home market, trade, and industrial structure
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Author
Contributions
- Federal Reserve Bank of New York. - Contributor
Publication
1997 - Federal Reserve Bank of New York, [New York, N.Y.], New York (State)
Language
English
Word Count
6,750 words, Guess
Page Count
27 pages
Physical Format
Electronic resource
Identifiers
- Open LibraryOL3476892M
- OCLC Control Number38492924
- Library of Congress Control Number2005616464
Classifications
- LCCHB1
Description
"Does national market size matter for industrial structure? This has been suggested by theoretical work on "home mark" effects, as in Krugman (1980, 1995). In this paper, I show that what previously was regarded as an assumption of convenience--transport costs only for the differentiated goods--matters a great deal. In a focal case in which differentiated and homogeneous goods have identical transport costs, the home market effect disappears. The paper discusses available evidence on the relative trade costs for differentiated and homogeneous goods. No compelling argument is found that market size will matter for industrial structure"--Federal Reserve Bank of New York web site.
Subjects
Series Statement
- Staff reports ;
Other Editions
- The home market, trade, and industrial structure
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