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Microeconomics --- Equilibrium (Economics) --- Capital --- Macroeconomics --- AA / International- internationaal --- 330.01 --- Theorie van het economisch evenwicht. --- Economics --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Statics and dynamics (Social sciences) --- Capital assets --- Fixed assets --- Capitalism --- Infrastructure (Economics) --- Wealth --- Theorie van het economisch evenwicht

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Schumpeter, Joseph A. --- Economists --- -Entrepreneurship --- Capitalism --- Equilibrium (Economics) --- 330.092 --- Disequilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- Economics --- Stagnation (Economics) --- Statics and dynamics (Social sciences) --- Market economy --- Profit --- Capital --- Entrepreneur --- Intrapreneur --- Business incubators --- Social scientists --- Schumpeter, Joseph Alois, --- Schumpeter, J. A. --- Shumpeter, I. --- Shumpeter, Ĭ. --- Shumpeter, Iosif Aloiz, --- Shumpeter, Ĭozef, --- Shunpētā, --- Entrepreneurship. --- Capitalism. --- Evolutionary economics. --- Schumpeter, Joseph A.,

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We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and interregional trade. Labor heterogeneity gives local monopoly power to firms but also introduces variations in the quality of the job match. Matches are likely to be better when there are more firms and workers in the local market, giving rise to an agglomeration force that can offset the forces against trade costs and the erosion of monopoly power. We derive analytically a robust agglomeration equilibrium and illustrate its properties with numerical simulations.

Industrial location --- Labor market --- International trade --- Employees --- Market, Labor --- Supply and demand for labor --- Markets --- Business enterprises --- Business location --- Corporations --- Industries --- Industries, Location of --- Location of industries --- Plant location --- Regional planning --- Space in economics --- Econometric models. --- Supply and demand --- Location --- Labor --- Macroeconomics --- Industries: Manufacturing --- Models of Trade with Imperfect Competition and Scale Economies --- Labor Contracts --- Size and Spatial Distributions of Regional Economic Activity --- General Equilibrium and Welfare Economic Analysis of Regional Economies --- Industry Studies: Manufacturing: General --- Wages, Compensation, and Labor Costs: General --- Labor Economics: General --- Demand and Supply of Labor: General --- Labor Force and Employment, Size, and Structure --- Labour --- income economics --- Manufacturing industries --- Manufacturing --- Wages --- Labor supply --- Labor force --- Economic sectors --- Labor economics --- United States