英文摘要 |
For a long time, the role of land as a factor of production has been neglected in the new economic geography. This study constructs a core-periphery model with land as a factor of production and the land cost becomes into a new dispersal force. At the same time, the conversion of land cost into a new agglomeration force by using land rent as a financial source for local public goods. The results of the model show that the spatial structure changes in a variety of ways depending on the degree of aggregation forces and the preference of local public goods. It is worth emphasizing that when the local public goods preference is medium to high, the spatial structure can continue to maintain a stable agglomeration equilibrium at high freeness of trade (low transportation cost), and even the agglomeration equilibrium becomes the only stable equilibrium in the economic system. This result is different from the commonly main result in the previous literature: when the core-periphery model adds land cost, the spatial structure shifts from an agglomeration equilibrium to a dispersion equilibrium at high freeness of trade. |