Industrial location and public infrastructure
研究存在规模报酬递增时,公共基础设施如何影响工业区位选择,发现贸易一体化促使企业迁往国内基础设施更好的国家,而国际基础设施和规模报酬会放大这种效应。
This paper examines the impact of public infrastructure on industrial location when increasing returns are present. Trade integration implies that firms tend to locate in countries with better domestic infrastructure. High levels of international infrastructure and strong returns to scale magnify industrial relocation due to differentials in domestic infrastructure or capital endowments. Regional policies which finance domestic infrastructure in a poor country lead firms to relocate in this country. Regional policies which finance international infrastructure in a poor country will lead firms to leave this country. We also analyze the incentives for countries to inhibit industrial relocation.