Dynamic Spatial General Equilibrium

We are grateful to Princeton University for research support. A previous version of this paper circulated under the title “Sufficient Statistics for Dynamic Spatial Economics.” A toolkit illustrating our spectral analysis for a model economy can be downloaded from the authors’ webpages. We would like to thank the editor, three anonymous referees, Treb Allen, Lorenzo Caliendo, Fernando Parro, Michael Peters, Ricardo Reyes-Heroles, Daniel Xu, and conference and seminar participants at CEPR ERWIT, Cambridge, Columbia, CREI, Dallas, Dartmouth, EAGLS, Hong Kong, NBER Summer Institute, London School of Economics, Nottingham, Princeton, Stanford, Sussex, the Virtual Trade and Macro Seminar, Urban Economics Association, and Yale for helpful comments and suggestions. We would like to thank Youngjin Song for sharing data and Maximilian Schwarz and Nan Xiang for excellent research assistance. The usual disclaimer applies. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• July 28, 2021
• October 29, 2021
• November 8, 2021