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- Title
Trade, market size, and industrial structure: revisiting the home-market effect.
- Authors
Zhihao Yu
- Abstract
This paper shows that the issues in the recent discussion over the‘home-market effects’ are more complicated than previously thought. It is shown that, in general, market size matters for industrial structure even when both the homogeneous and the differentiated goods face transport costs. The home-market effect for production structure can arise, disappear, or even reverse in sign. The analysis shall change a common perception about de-industrialization of(small) economies and may also have important implications for the empirical research strategies in this area. JEL classification: F12, L1
- Subjects
BUSINESS enterprises; COMMERCIALIZATION; INDUSTRIES; AUTOMATION; MECHANIZATION; DEVELOPMENT economics
- Publication
Canadian Journal of Economics, 2005, Vol 38, Issue 1, p255
- ISSN
0008-4085
- Publication type
Article
- DOI
10.1111/j.0008-4085.2005.00279.x