This paper investigates patterns of manufacturing location in the context of increased economie integration in Central and East European countries. Using regional data for the period 1990-1999, we identify and compare patterns and determinants of manufacturing location in five European Union...

We consider portfolio credit loss distributions based on a factor model for individual exposures and establish an analytic characterization of the credit loss distribution if the number of exposures tends to infinity. Using this limiting distribution, we explain how skewness and leptokurtosis of...

Urban performance currently depends not only on the city’s endowment of hard infrastructure (‘physical capital’), but also, and increasingly so, on the availability and quality of knowledge communication and social infrastructure (‘human and social capital’). The latter form of capital...

Compared to firms in rural regions, firms in urban agglomerations of the Netherlands dedicate a higher share of their R&D to product development. In our Hurdle Count Data estimate of determinants of new product announcements we find that, with a given product-R&D-intensity, firms in central...

The paper takes for granted that urban areas - and hence the built environ­ment - may play a catalytic role for effective environmental policy. This position is based on the fact that most residential, production and transportation activities in the developed world take place in urban areas. A...

The present study addresses the relevance of geographic proximity for companies in our age of advanced ICT. Many visions of, and speculations on, an increased footlooseness of companies and a concomitant dispersal of urban economic activity have been published in recent years. To identify...

This paper regards locational choice as an entrepreneurial act and seeks to identify the drivers of locational choice of SME finns. Based on a recent database on Dutch entrepreneurs, factoranalytic methods are deployed to trace three clusters of driving forces.