Summary In pursuing their plans economic agents regularly have to adjust their pacing of orders, production, and deliveries in unanticipated ways. Information constraints turn many of these adjustments into myopic reactions to accelerations/decelerations observed in the activity level of...

Summary This paper studies the relationship between firm growth and external factors. Externalities from related economic, public research and higher educational activities are traced back to specific locations in space. The spatial characteristics of their impact are examined within a...