Regional Industrialization: Determinants of Industrial Location

Rayp, Glenn and Ronsse, Stijn, "Regional Industrialization: Determinants of Industrial Location" in An Economic History of Regional Industrialization (London and New York: Routledge, 2020), 209-228.

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  • Author Rayp, Glenn
    Ronsse, Stijn
    Chapter Title Regional Industrialization: Determinants of Industrial Location
    Book Title An Economic History of Regional Industrialization
    Publication Date 2020
    Place of Publication London and New York
    Publisher Routledge
    Start page 209
    End page 228
    Language eng
    Abstract Economic historians became increasingly interested in using a quantitative, empirical framework to study industrialization patterns in the nineteenth and twentieth centuries and to test the relative importance of two main location theories: the Heckscher-Ohlin theory, linking location to regional endowments of economic resources, and the new economic geography that implies that under intermediate transportation costs, economic activity concentrates near regions with a high market potential. In this respect, the Midelfart-Knarvik (2000) model became the central reference. After a brief presentation of economic location theory and the main features of the Midelfart-Knarvik (2000) model, we review the representative studies of economic location based thereupon. Overall, it is concluded that both categories of determinants matter. However, we notice the contrast in the determinants of location between the United States and European countries, as well as the substantial singularity of the estimation results across countries and over time. We discuss the methodological pitfalls these studies may face.
    Copyright Holder Routledge
    Copyright Year 2020
    Copyright type All rights reserved
    ISBN 9780367197537
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    Created: Wed, 22 May 2024, 17:02:10 JST by Masovic, Ajsela on behalf of UNU CRIS