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DC Field | Value | Language |
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dc.contributor.author | Gumpert, Marcus | - |
dc.date.accessioned | 2019-03-14T10:43:11Z | - |
dc.date.available | 2019-03-14T10:43:11Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | Gumpert, M. (2019). Multidimensional core-peripheral model. European Research Studies Journal, 22(1), 192-208. | en_GB |
dc.identifier.issn | 11082976 | - |
dc.identifier.uri | https://www.um.edu.mt/library/oar//handle/123456789/41291 | - |
dc.description.abstract | The following article analyzes why an extension of the core-peripheral model is necessary for realistic economic use. The starting point is the core-peripheral model from Krugman. Various modifications are then made to make the Krugman model more robust, growth-oriented, and realistic. The models by Ricardian, Heckscher-Ohlin, Krugman, and Solow are combined by the author. This new model provides a general explanation model that is advantageous for the most diverse analyses that is, from rigid to dynamic, and growth theory-oriented model frameworks. The Ricardian model provides an immobile factor of work, perfect competition, distribution-free productions, comparative cost advantages, and constant economies of scale. The Heckscher-Ohlin theorem provides a second mobile input factor capital and production functions according to the equipment of the regions. The core-peripheral model provides aspects of monopolistic competition, cost functions, transportation costs, and spatial distribution. Depreciation rates, investment rates, and savings rates are taken over from the Solow model. We define the following parameters in the new model variant: reasons for model expansion, input factors, technology components, transportation costs, investment rate, savings rate, outputs, number of business/distribution, cost functions, consumer benefits, goods prices, wages, returns, and incomes. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | University of Piraeus. International Strategic Management Association | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Economic development -- Mathematical models | en_GB |
dc.subject | Economic development -- Measurement | en_GB |
dc.subject | Regional economics | en_GB |
dc.subject | Regional economics -- Mathematical models | en_GB |
dc.title | Multidimensional core-peripheral model | en_GB |
dc.type | article | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
dc.publication.title | European Research Studies Journal | en_GB |
Appears in Collections: | European Research Studies Journal, Volume 22, Issue 1 |
Files in This Item:
File | Description | Size | Format | |
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Multidimensional Core-peripheral Model.pdf | 579.56 kB | Adobe PDF | View/Open |
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