File:Distribution of Manufacturing between Two Regions.png
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Distribution_of_Manufacturing_between_Two_Regions.png (592 × 339 pixels, file size: 5 KB, MIME type: image/png)
Summary
The figure illustrates Krugman’s ‘core-periphery’ model. The horizontal axis represents costs of trade between the two regions. The vertical axis represents the share of either region in manufacturing. Solid lines on the graph denote stable equilibria. Dashed lines denotes unstable equilibria. K is a critical (bifurcation) point.
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 11:06, 4 January 2017 | | 592 × 339 (5 KB) | 127.0.0.1 (talk) | The figure illustrates Krugman’s ‘core-periphery’ model. The horizontal axis represents costs of trade between the two regions. The vertical axis represents the share of either region in manufacturing. Solid lines on the graph denote stable equilibria. Dashed lines denotes unstable equilibria. K is a critical (bifurcation) point. |
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