多地点住宅市场效应和住宅地理偏置

IF 3.8 1区经济学 Q1 ECONOMICS

Journal of International Economics Pub Date : 2025-02-04 DOI:10.1016/j.jinteco.2025.104057

Jordan J. Norris

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引用次数: 0

摘要

在规模经济存在的情况下，企业被鼓励本地化生产。地理位置是决定本地化发生在哪里的关键。国内市场效应（HME）预测，需求最大的地区是东道国，并成为净出口国。然而，自从克鲁格曼（1980）提出这一预测以来，它只被证明在两个地点的模型中成立，因此质疑其普遍性和经验相关性。我提供了一种新的HME形式化，为它在任意的、多位置的地理中存在提供了简洁、充分的条件，并揭示了HME与家庭偏见地理的密切联系。直觉上，如果没有本土偏见，消费者就不会在当地购买；因此，生产部门没有动力在他们附近进行本地化。

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A many-location home market effect and a home biased geography

In the presence of scale economies, industries are incentivized to localize production. Geography is key in determining where that localization happens. The Home Market Effect (HME) predicts that locations with the largest demand are the host and become net exporters. Yet, since its origin by Krugman (1980), the prediction has only been shown to hold in two-location models, therefore questioning its generality and empirical relevance. I offer a new formalization of the HME, provide succinct, sufficient conditions for its presence in an arbitrary, many-location geography, and reveal an intimate connection of the HME with a home biased geography. Intuitively, without home bias, consumers don’t buy locally; production is therefore not incentivized to localize near them.

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来源期刊

Journal of International Economics ECONOMICS-

CiteScore

5.80

自引率

6.10%

发文量

期刊介绍： The Journal of International Economics is intended to serve as the primary outlet for theoretical and empirical research in all areas of international economics. These include, but are not limited to the following: trade patterns, commercial policy; international institutions; exchange rates; open economy macroeconomics; international finance; international factor mobility. The Journal especially encourages the submission of articles which are empirical in nature, or deal with issues of open economy macroeconomics and international finance. Theoretical work submitted to the Journal should be original in its motivation or modelling structure. Empirical analysis should be based on a theoretical framework, and should be capable of replication.