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    A regional model of endogenous growth without scale assumptions

    Access Status
    Fulltext not available
    Authors
    Bond-Smith, S.
    McCann, P.
    Oxley, Leslie
    Date
    2018
    Type
    Journal Article
    
    Metadata
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    Citation
    Bond-Smith, S. and McCann, P. and Oxley, L. 2018. A regional model of endogenous growth without scale assumptions. Spatial Economic Analysis. 13 (1): pp. 5-35.
    Source Title
    Spatial Economic Analysis
    DOI
    10.1080/17421772.2018.1392038
    ISSN
    1742-1772
    School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/67395
    Collection
    • Curtin Research Publications
    Abstract

    Regional Studies Association. In this paper we model growth using a scale-neutral approach to innovation allowing differences between regions to emerge due to regional mechanisms. In this model, agglomeration is growth enhancing as the scale effect for innovation arises from greater access to knowledge rather than any assumed scale effects in growth-modelling techniques. Furthermore, entrepreneurs are assumed to choose the location of firms endogenously so as to minimize the costs of innovation, transport and living. The effects of such mechanisms are such that any policies that increase knowledge spillovers between locations will enhance growth and equality, but may be destabilizing for agglomeration.

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