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Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils interpretation. Chinitz (1961) hypothesized that coal mines near...
Persistent link: https://www.econbiz.de/10010859538
Universities, often situated at the center of innovative clusters, are believed to be important drivers of local …
Persistent link: https://www.econbiz.de/10010553119
We model spatial clusters of similar firms. Our model highlights how agglomerative forces lead to localized, individual … firm interactions yield agglomeration clusters that are much larger than the underlying agglomerative forces themselves … influence the shapes and sizes of industrial clusters; we confirm these predictions using variations across both technology …
Persistent link: https://www.econbiz.de/10010553120
Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists. Traditional economic explanations emphasize factors that reduce entry costs or raise...
Persistent link: https://www.econbiz.de/10008555368