Review paper
The shrinking advantage of market potential
Abstract
How does a country's economic geography evolve along the development path? This paper documents recent employment growth in 18,961 regions in eight of the world's main economies. Overall, market potential is losing importance as a correlate of local growth, while local employment density is gaining importance. In mature economies, growth is strongest in low-market-potential areas. In emerging economies, the opposite is true, though the...
Paper Details
Title
The shrinking advantage of market potential
Published Date
Nov 1, 2020
Volume
147
Pages
102529 - 102529
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