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Last edited by WorkBot
January 29, 2010 | History

Why capital does not migrate to the South 1 edition

Why capital does not migrate to the South
Jang Ping Thia

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Why capital does not migrate to the South
a new economic geography perspective
Jang Ping Thia.

Published 2008 by Centre for Economic Performance, London School of Economics and Political Science in London .
Written in English.

About the Book

This paper explains why capital does not flow from the North to the South - the Lucas Paradox - with a New Economic Geography model that incorporates mobile capital, immobile labour, and productively heterogeneous firms. In contrast to neoclassical theories, the results show that even a small difference in the ex-ante productivity distribution between North and South can a have significant impact on the location of firms. Despite differences in aggregate capital to labour ratios, wage and rental rates continue to be the same in both locations. The paper also analyses the effects of risk on industrial locations, and shows why 'low-tech' industries tend to migrate to the South, while 'high-tech' industries continue to locate in the North.

Edition Notes

Title from PDF file (viewed on Jan. 23, 2009).

"November 2008."

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

CEP discussion paper -- no. 895


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History Created December 11, 2009 · 2 revisions Download catalog record: RDF / JSON

January 29, 2010 Edited by WorkBot add more information to works
December 11, 2009 Created by WorkBot add works page