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Title: A geometry of Specialization

Author(s): Joseph Francois and Doug R Nelson

Publication Date: March 1998

Keyword(s): Agglomeration, location of industry, Specialization and trade and development

Programme Area(s): International Trade and Regional Economics

Abstract: Division of labour models have become a standard analytical tool, along with competitive general equilibrium models (Ricardian, HOS, Ricardo-Viner), in public finance, trade, growth, development and macroeconomics. Yet unlike the earlier models, specialization models lack a canonical representation. This is because they are both new and complex, characterized by multiple equilibria, instability and emergent structural properties under parameter transformation. We develop a general framework for such models, illustrating results from current research on specialization models, and explaining why one sub-class of these models is particularly difficult to illustrate easily.

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Bibliographic Reference

Francois, J and Nelson, D. 1998. 'A geometry of Specialization'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1813