Ubiquitous inequality: The home market effect in a multicountry space

Dao Zhi Zeng, Tomohiro Uchikawa

研究成果: Article査読

13 被引用数 (Scopus)

抄録

We show that spatial inequalities in an economic space of multiple countries in terms of both nominal income and real income are ubiquitous in the sense that they appear when countries are differentiated by population only. A new trade theory model is constructed without any freely traded homogeneous good, so that we can examine the home market effect (HME) and the non-monotonic relation between income inequalities and globalization. Meanwhile, there are three HME definitions for a two-country space in terms of firm share, labor wage, and trade pattern. The first two remain applicable in a multicountry space, and they are shown to be equivalent. However, a natural extension of the third is not equivalent.

本文言語English
ページ(範囲)225-233
ページ数9
ジャーナルJournal of Mathematical Economics
50
1
DOI
出版ステータスPublished - 2014 1月

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 応用数学

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