¬ã°Q¤é´Á

2009¦~9¤ë26¤é10:20 ~ 13:00

¬ã°Q¦aÂI

¥x¤jªÀ·|¬ì¾Ç°|¹q¤Æ±Ð«Ç

ÃD¥Ø

The impact of transport infrastructure on location choice

§@ªÌ

Jen-Te Yao («À¤¯¼w)

¤åÄm¥X³B

Working Paper

³ø§i¤H

Jen-Te Yao («À¤¯¼w)

°Ñ¥[¤H­û

«À¤¯¼w¡B±d§ÊÀ®¡BªL¿P²Q¡B§d¥@³Ç¡B³¯§»©ö¡B½²©úªÚ¡B±ç¤åºa¡B´¿ÀRªK¡B³\²Q媖¡B¤ý¬ý³Ç¡B°ª°ê峯¡B³¯¨Ø¬Â¡B´^¥¿¯E¡B§d©yÁ¾¡B©P«~¦°¡BÁé暳³®¡B³¯ª÷²±¡B¬IÎr¥þ¡B¤B­i¤¯¡B§õ´Â¥\

ºK­n

This paper presents a variant of the Hotelling duopoly model (1929) in order to analyze the impact of a structural change in transport infrastructure on the location of firms. An improvement in a market¡¦s transport infrastructure leads firms to re-locate their plants. The degree of infrastructure improvement includes both travel efficiency and communication efficiency due to spillover externalities. A tunnel-crossing cost function is assumed to be quadratic in the effective distance. The result shows that under equilibrium firms are dispersed in their location, with the degree of dispersion depending on efficiently passing through the tunnel. A policy implication is that in addition to regulating a firm¡¦s location by using a fiscal regime, the authorities are suggested to improve transportation efficiency as it can improve a country¡¦s welfare.

³Æµù