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Search results with tag "Increasing returns"
AS Economics Presentation - RGS Info
www.rgsinfo.netReturns to Scale in Long run Production • Increasing returns to scale – When the % change in output > % change in inputs – E.g. a 30% rise in factor inputs leads to a …
Increasing Returns and Economic Geography Paul Krugman
pr.princeton.eduin the region with larger demand, but the location of demand itself depends on the distribution of manufacturing. Emergence of a core-periphery pattern depends on transportation costs, economies of scale, and the share of manufacturing in national income. The study of economic geography-of the location of factors of pro- ...