Looking for Multiple Equilibria When Geography Matters: German City Growth and the Wwii Shock

Published: Jan 1, 2005
Abstract
Many modern trade and growth models are characterized by multiple equilibria. In theory the analysis of multiple equilibria is possible, but in practice it is difficult to test for the presence of multiple equilibria. Based on the methodology developed by Davis and Weinstein (2004) for the case of Japanese cities and WWII, we look for multiple equilibria in a model of German city growth. The strategic bombing of Germany during WWII enables us to...
Paper Details
Title
Looking for Multiple Equilibria When Geography Matters: German City Growth and the Wwii Shock
Published Date
Jan 1, 2005
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