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Technical change, location, and trade
Umeå University, Faculty of Social Sciences, Centre for Regional Science (CERUM).
Umeå University, Faculty of Social Sciences, Department of Economics.
1987 (English)In: Papers in regional science (Print), ISSN 1056-8190, E-ISSN 1435-5957, Vol. 62, no 1, 13-35 p.Article in journal (Refereed) Published
Abstract [en]

The difference between the slow adjustment of localized resources and the faster processes of technical change and product renewal causes a relocation pressure on existing production, Introduction of new products, techniques, and establishments is stimulated by opportunities to attain temporary monopoly profits and is restrained by sunk costs in older vintages and competition for local resources;. Introduction is more frequent in nodes with a rich and varied import structure. The process can he modeled as a chain of import, production, and export cycles with relocation. Conditions for introduction and change of location are analyzed by means of a spatial vintage model.

Place, publisher, year, edition, pages
John Wiley & Sons, 1987. Vol. 62, no 1, 13-35 p.
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URN: urn:nbn:se:umu:diva-24641DOI: 10.1111/j.1435-5597.1987.tb01050.xOAI: diva2:226955
Available from: 2009-07-08 Created: 2009-07-08 Last updated: 2014-10-08Bibliographically approved

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Johansson, BörjeWestin, Lars
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Centre for Regional Science (CERUM)Department of Economics
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