Using a computable general equilibrium model to explore economic impacts of agglomeration economies on wages in northern Colorado
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Agglomeration economies are forces that lead to concentration of workers and businesses in one location, and are also known as external economies of scale. This dissertation explores the economic impacts of agglomeration economies on nominal and real wages using a data intensive computable general equilibrium (CGE) model. The dissertation is divided into three essays. The first essay focuses on establishing the impacts of export-led expansions on nominal and real wages for two cities of different sizes and labor market characteristics in northern Colorado. Results of this essay show that when ...