ABSTRACT

Spatial general equilibrium (SGE) theory and macroeconomic theory have developed in isolation. This paper explores some implications of SGE theory for the aggregate supply of GDP in terms of spatial differences in total factor productivity (TFP) and amenities. We show, inter alia, that if internal labor mobility is imperfect, local productivity shocks may adversely affect GDP if they occur where TFP is low. These theoretical results raise existential questions about the interpretation of productivity shocks in macroeconomic models, and about the absence of amenity shocks in macroeconomic discourse.

中文翻译：

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空间一般均衡理论中的总量供给

摘要

空间一般均衡理论和宏观经济学理论是孤立发展的。本文从全要素生产率（TFP）和便利设施的空间差异的角度探讨了SGE理论对GDP总供给的一些启示。我们证明，除其他外，如果内部劳动力流动性不完善，当地生产率冲击如果在全要素生产率低的地方发生，可能会对国内生产总值产生不利影响。这些理论结果提出了关于宏观经济模型中生产率冲击的解释以及宏观经济话语中没有舒适性冲击的存在的问题。