File:Distribution of Manufacturing between Two Regions.png
From Infogalactic: the planetary knowledge core
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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File history
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Date/Time | Thumbnail | Dimensions | User | Comment | |
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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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