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Handling Market Imperfections in a Spatial Economy: Some Experimental Results II

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Author Info
Eduardo A. Haddad ()
Geoffrey J. D. Hewings ()

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Abstract

The Brazilian economy, with significant differences in the distribution of economic activity across regions, presents a challenge to models that adopt a perfectly competitive market structure. This paper employs an interregional CGE model of the Brazilian economy to explore the long-run impacts of positing changes in transportation structure and scale economies on regional and national welfare. In particular, the transportation cost structure is modeled explicitly as a margin rather than in an iceberg form; scale economies are addressed as a way to mimic the imperfectly competitive structure of the Brazilian economy and to capture some of the potential impacts of core-periphery relationships in production structure. This paper complements a previous study by Haddad and Hewings (2005) that focused on the short-run implications of similar experiments.

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File URL: http://www.banrep.gov.co/docum/ensayos/pdf/espe_058-4.pdf
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Publisher Info
Article provided by BANCO DE LA REPÚBLICA - ESPE in its journal ENSAYOS SOBRE POLÍTICA ECONÓMICA.

Volume (Year): (2009)
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Handle: RePEc:col:000107:005846

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