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When economic activity is concentrated over space or over time, it is more efficient. Most production occurs in geographic hot spots, and most production occurs between 9 and 12 in the morning and 1 to 5 in the afternoon on weekdays. The thick-market efficiencies that encourage the concentration...
Persistent link: https://www.econbiz.de/10012475900
This review discusses frontier topics in economic geography as they relate to firms and agglomeration economies. We … the vast scope for enhancements of our picture of agglomeration with the new data that are emerging …
Persistent link: https://www.econbiz.de/10012457216
This paper studies the sources of agglomeration economies in cities. We begin by introducing a simple dynamic spatial … large, though there can be exceptions. Thus, dynamic agglomeration appears to be driven by cross-industry effects. Once we … control for these cross-industry agglomeration effects, we find a strong negative relationship between city size and city …
Persistent link: https://www.econbiz.de/10012457938
localized spillover effects of the new parks on local incumbent firm productivity, the growth of retail activity close to the … parks featuring a higher level of human capital, a greater level of co-agglomeration among firms within the park, and a …
Persistent link: https://www.econbiz.de/10012457290
Global production sharing is determined by international cost differences and frictions related to the costs of unbundling stages spatially. The interaction between these forces depends on engineering details of the production process with two extremes being 'snakes' and 'spiders'. Snakes are...
Persistent link: https://www.econbiz.de/10012462046
and policy analysis. A 'selection effect' means standard empirical measures overestimate agglomeration economies. A … 'sorting effect' means that a regional policy induces the highest productivity firms to move to the core while the lowest … productivity firms to move to the periphery. We also show that heterogeneity dampens the home market effect …
Persistent link: https://www.econbiz.de/10012467026
In recent empirical literature on spatial agglomeration, many papers find evidence consistent with location …-specific externalities of some sort. Our willingness to accept evidence of agglomeration economies depends on how well key estimation … problems have been addressed. Three issues are particularly troublesome for identifying agglomeration effects: unobserved …
Persistent link: https://www.econbiz.de/10012470718
designed to attract firms to particular regions (place-based policies). I first propose a theory of the distribution of … heterogeneous firms in a variety of sectors across cities. Aggregate TFP and welfare depend on the extent of agglomeration …-level data. I find that nearly half of the observed productivity advantage of large cities is due to firm sorting. I use the …
Persistent link: https://www.econbiz.de/10012453237
natural advantages versus agglomeration forces is central to a range of public policy issues, including the impact of local … differences in natural advantages and agglomeration forces, and can be taken directly to observed data on cities. We show that … these models can be used to estimate the strength of agglomeration forces and evaluate the impact of transportation …
Persistent link: https://www.econbiz.de/10013537769
There is a strong connection between per worker productivity and metropolitan area population, which is commonly … interpreted as evidence for the existence of agglomeration economies. This correlation is particularly strong in cities with …
Persistent link: https://www.econbiz.de/10012463547