ESTIMATING A DYNAMIC SPATIAL EQUILIBRIUM MODEL TO EVALUATE THE WELFARE IMPLICATIONS OF REGIONAL ADJUSTMENT PROCESSES: THE DECLINE OF THE RUST BELT

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dc.contributor.authorYoon, Chamnako
dc.date.accessioned2018-07-24T03:01:03Z-
dc.date.available2018-07-24T03:01:03Z-
dc.date.created2018-07-16-
dc.date.created2018-07-16-
dc.date.created2018-07-16-
dc.date.issued2017-05-
dc.identifier.citationINTERNATIONAL ECONOMIC REVIEW, v.58, no.2, pp.473 - 497-
dc.identifier.issn0020-6598-
dc.identifier.urihttp://hdl.handle.net/10203/244599-
dc.description.abstractThis article develops and estimates a new dynamic spatial equilibrium model to study the regional transition dynamics and its impact on individual and aggregate welfare. The model consists of a multiregion, multisector economy comprised of overlapping generations of individuals with heterogeneous skills and mobility costs. The empirical findings suggest that a large fraction of the decline of the Rust Belt can be attributed to the reduction in its region-specific comparative advantage in the goods-producing sector. This decline generated significant differences in welfare across regions. Policy experiments show that such inequality can be significantly reduced through place-based policies.-
dc.languageEnglish-
dc.publisherWILEY-
dc.subjectLABOR-MARKET-
dc.subjectRESIDENTIAL LAND-
dc.subjectDISCRETE-CHOICE-
dc.subjectUNITED-STATES-
dc.subjectGROWTH-
dc.subjectWAGE-
dc.subjectUS-
dc.subjectLIBERALIZATION-
dc.subjectHETEROGENEITY-
dc.subjectDECISIONS-
dc.titleESTIMATING A DYNAMIC SPATIAL EQUILIBRIUM MODEL TO EVALUATE THE WELFARE IMPLICATIONS OF REGIONAL ADJUSTMENT PROCESSES: THE DECLINE OF THE RUST BELT-
dc.typeArticle-
dc.identifier.wosid000402277700006-
dc.identifier.scopusid2-s2.0-85020033261-
dc.type.rimsART-
dc.citation.volume58-
dc.citation.issue2-
dc.citation.beginningpage473-
dc.citation.endingpage497-
dc.citation.publicationnameINTERNATIONAL ECONOMIC REVIEW-
dc.identifier.doi10.1111/iere.12224-
dc.contributor.localauthorYoon, Chamna-
dc.description.isOpenAccessN-
dc.type.journalArticleArticle-
dc.subject.keywordPlusLABOR-MARKET-
dc.subject.keywordPlusRESIDENTIAL LAND-
dc.subject.keywordPlusDISCRETE-CHOICE-
dc.subject.keywordPlusUNITED-STATES-
dc.subject.keywordPlusGROWTH-
dc.subject.keywordPlusWAGE-
dc.subject.keywordPlusUS-
dc.subject.keywordPlusLIBERALIZATION-
dc.subject.keywordPlusHETEROGENEITY-
dc.subject.keywordPlusDECISIONS-
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