2020
DOI: 10.1093/oxrep/graa012
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Abstract: Economic adjustment to trade and policy shocks is hampered by the fact that some sectors tend to cluster, so are hard to initiate in new places. This can give rise to persistent spatial disparities between cities within a country. The paper sets out a two-sector model in which cities divide into those producing tradable goods or services subject to agglomeration economies, and those only producing non-tradables for the national market. If import competition destroys some established tradable sectors, then affe… Show more

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Cited by 8 publications
(4 citation statements)
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References 8 publications
(6 reference statements)
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“…Redressing poverty among the elderly was also a long-standing ambition of the Labor Party. 6 Martin (2018) and Venables (2020) examine the consequences for regional growth when specialisation in certain types of economic activity limit their capacity to adapt quickly to "trade and policy shocks." 7 The Australian economy is sensitive to population growth and housing market speculation in the capital cities of eastern Australia and adjacent provincial cities.…”
Section: Ethics Statementmentioning
confidence: 99%
See 1 more Smart Citation
“…Redressing poverty among the elderly was also a long-standing ambition of the Labor Party. 6 Martin (2018) and Venables (2020) examine the consequences for regional growth when specialisation in certain types of economic activity limit their capacity to adapt quickly to "trade and policy shocks." 7 The Australian economy is sensitive to population growth and housing market speculation in the capital cities of eastern Australia and adjacent provincial cities.…”
Section: Ethics Statementmentioning
confidence: 99%
“… Martin (2018) and Venables (2020) examine the consequences for regional growth when specialisation in certain types of economic activity limit their capacity to adapt quickly to “trade and policy shocks.”…”
mentioning
confidence: 99%
“…However, enormous programmes of detailed data construction by the OECD and Eurostat (Carrascal-Incera et al, 2020) have recently allowed for a much deeper reconsideration of these issues, and it is now widely accepted empirically (Davenport and Zarenko, 2020;McCann, 2016McCann, , 2020aRaikes et al, 2019) that the UK exhibits amongst the highest interregional productivity inequalities in the industrialised world. Moreover, these high inequalities are evident over very short distances, such that it has been argued that the country appears to have been decoupling (McCann, 2016) and partitioning (Venables, 2021) internally on many levels over the last four decades (Rice and Venables, 2021). Furthermore, there are now powerful arguments and evidence which suggest that alongside the UK's specific geographical features and the asymmetric impacts of modern globalisation, the ultra-centralised and top-down nature of the UK governance system has itself also been a major contributor to these inequalities (Carrascal-Incera et al, 2020), in that nationwide policy-design and decision-making has been especially indifferent and insensitive to these interregional differences (McCann, 2016).…”
Section: Introductionmentioning
confidence: 99%
“…In this paper we set out a model of the regional economy and apply it to UK data. Theories of regional behaviour, and in particular of relative income levels and growth are wide and diverse -for example, Borts and Stein (1964), Coyle and Sensier (2019), Krugman and Venables (1995), Henley (2005), Menon (2012), Venables (2020). These studies and numerous others pursue a variety of methods in confronting theories and facts.…”
Section: Introductionmentioning
confidence: 99%