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The role of country size in spatial economics: A survey of the home market effects

Author

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  • Dao-Zhi Zeng

    (Tohoku University, Graduate School of Information Sciences, Japan)

Abstract

This paper surveys the growing literature on the home market effects (HMEs) in spatial economics. The HMEs are utilized to disclose the role of country size in the configuration of economic activity. Various HMEs display distinctive features of size advantage and they are originally obtained from different models. Recent studies find that these features are closely related to each other. The following questions are answered. Are these HMEs equivalent under some conditions? Are some of the properties more general than others? Why do the theoretical studies and empirical studies obtain inconsistent results?

Suggested Citation

  • Dao-Zhi Zeng, 2014. "The role of country size in spatial economics: A survey of the home market effects," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 32(2), pages 379-403.
    • Handle: RePEc:rfe:zbefri:v:32:y:2014:i:2:p:379-403
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    References listed on IDEAS

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    Cited by:

    1. Koichi Fukumura & Kohei Nagamachi & Yasuhiro Sato & Kazuhiro Yamamoto, 2020. "Demographics, immigration, and market size," The Japanese Economic Review, Springer, vol. 71(4), pages 597-639, October.
    2. Jian Wang & Junqian Xu, 2015. "Home market effect, spatial wages disparity: an empirical reinvestigation of China," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(2), pages 313-333, December.

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    More about this item

    Keywords

    lagglomeration; home market effects; new trade theory; trade pattern; trade integration;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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