A generalized NEG wage-type equation
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http://hdl.handle.net/2183/18238Collections
- Investigación (FEE) [923]
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A generalized NEG wage-type equationDate
2015-10-01Citation
Bruna, F. (2015): A generalized NEG wage-type equation, in Díaz-Roldán, C. and Perote, J. (eds.): Advances on International Economics, chapter 4, pp. 63-82. Cambridge Scholars Publishing, Newcastle
Abstract
[Abstract]: This chapter discusses several controversial issues of the New Economic Geography (NEG) theory, focusing on some problems of interpretation regarding the estimation results of a wage equation. In order to do that, several wage equations found in the literature are encompassed under the derivation of a new generalized wage-type equation, with marginal cost as dependent variable. A testable equation controlling for human and physical capital stocks is also derived.
Keywords
New economic geography
NEG
Wage equation
Wage-type equation
Marginal costs
Market potential
Human capital
Physical capital
NEG
Wage equation
Wage-type equation
Marginal costs
Market potential
Human capital
Physical capital
ISBN
97-8144384-616-5
