Review article
The role of country size in spatial economics: A survey of the home market effects
Dao-Zhi Zeng
orcid.org/0000-0003-3348-3574
; Graduate School of Information Sciences Tohoku University,Sendai Miyagi, 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?
Keywords
Agglomeration; home market effects; new trade theory; trade pattern; trade integration
Hrčak ID:
131552
URI
Publication date:
22.12.2014.
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