Showing 1 - 10 of 114
This paper studies localization of academic and industrial knowledge spillovers. Using data on U.S. Research and …
Persistent link: https://www.econbiz.de/10013244883
A Melitz-style model of monopolistic competition with heterogeneous firms is integrated into a simple New Economic Geography model to show that the standard assumption of identical firms is neither necessary nor innocuous. We show that re-locating to the big region is most attractive for the...
Persistent link: https://www.econbiz.de/10012767516
We quantify agglomeration spillovers by estimating the impact of the opening of a large new manufacturing plant on the total factor productivity (TFP) of incumbent plants in the same county. Articles in the corporate real estate journal Site Selection reveal the county where the quot;Million...
Persistent link: https://www.econbiz.de/10012772456
In this paper we propose a new variance estimator for OLS as well as for nonlinear estimators such as logit, probit and GMM, that provcides cluster-robust inference when there is two-way or multi-way clustering that is non-nested. The variance estimator extends the standard cluster-robust...
Persistent link: https://www.econbiz.de/10012778337
that reduce incentives to invest in new knowledge. Using a formal model of innovation we identify conditions where the …
Persistent link: https://www.econbiz.de/10012752505
Persistent link: https://www.econbiz.de/10012862846
Industrial clusters are promoted by policy and generally viewed as good for growth and development, but both clusters and policies may also enable non-competitive behavior. This paper studies the presence of non-competitive pricing in geographic industrial clusters. We develop, validate, and...
Persistent link: https://www.econbiz.de/10012977273
Several Chinese cities have invested billions of dollars to construct new industrial parks. These place based investments solve the land assembly problem which allows many productive firms to co-locate close to each other. The resulting local economic growth creates new opportunities for real...
Persistent link: https://www.econbiz.de/10013019125
We evaluate the effects of state-provided financial incentives for biotech companies, which are part of a growing trend of placed-based policies designed to spur innovation clusters. We estimate that the adoption of subsidies for biotech employers by a state raises the number of star biotech...
Persistent link: https://www.econbiz.de/10013035236
This paper evaluates the role of regional cluster composition in the economic performance of industries, clusters and … related and complementary industries operating within a particular region - in regional economic performance. We exploit newly … clusters. Overall, these findings highlight the important role of cluster-based agglomeration in regional economic performance …
Persistent link: https://www.econbiz.de/10013036681