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Modelling Complementarity in Monopolistic Competition

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  • Kiminori Matsuyama

    (Associate Professor, Department of Economics, Northwestern University, U.S.A.)

Abstract

In recent years, monopolistic competition models have frequently been applied in macroeconomics, international and interregional economics, and economic growth and development. In this paper, I present a highly selective review in this area, with special emphasis on complementarity and its role in generating multiplier processes, agglomeration, underdevelopment traps, regional disparities, and sustainable growth or, more generally, what Myrdal (1957) called the "principle of circular and cumulative causation."

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Bibliographic Info

Article provided by Institute for Monetary and Economic Studies, Bank of Japan in its journal Monetary and Economic Studies.

Volume (Year): 11 (1993)
Issue (Month): 1 (July)
Pages: 87-108

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Handle: RePEc:ime:imemes:v:11:y:1993:i:1:p:87-108

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Citations

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Cited by:
  1. Ciccone, A. & Matsuyama, K., 1993. "Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development," Papers 533, Stockholm - International Economic Studies.
  2. Aubert, Cècile & Bardhan, Pranab & Dayton-Johnson, Jeff, 2003. "Artfilms, Handicrafts and Other Cultural Goods: The Case for Subsidy," Department of Economics, Working Paper Series qt62n4f3bh, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
  3. Norback, Pehr-Johan, 2001. "Cumulative effects of labor market distortions in a developing country," Journal of Development Economics, Elsevier, vol. 65(1), pages 135-152, June.
  4. Knaap, T., 1998. "A survey of complementaries in growth and location theories," Research Report 98C44, University of Groningen, Research Institute SOM (Systems, Organisations and Management).

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