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Port Efficiency, Maritime Transport Costs and Bilateral Trade

Clark, Ximena - 2004

determinant of shipping costs. Improving port efficiency from the 25th to the 75th percentile reduces shipping costs by 12 percent … explain variations in port efficiency and find that they are linked to excessive regulation, the prevalence of organized crime … world. Distance volumes and product characteristics matter. In addition, we find that ports efficiency is an important …

Persistent link: https://www.econbiz.de/10012468340

Exporting Pollution

Ben-David, Itzhak - 2018

Despite awareness of the detrimental impact of CO<sub>2</sub> pollution on the world climate, countries vary widely in how they design and enforce environmental laws. Using novel micro data about firms' CO<sub>2</sub> emissions across countries, we document that firms headquartered in countries with strict...

Persistent link: https://www.econbiz.de/10012480768

Agglomerative Forces and Cluster Shapes

Kerr, William R. - 2010

We model spatial clusters of similar firms. Our model highlights how agglomerative forces lead to localized, individual connections among firms, while interaction costs generate a defined distance over which attraction forces operate. Overlapping firm interactions yield agglomeration clusters...

Persistent link: https://www.econbiz.de/10012462019

Financial Structure, Liquidity, and Firm Locations

Almazan, Andres; De Motta, Adolfo - 2007

This paper investigates the relation between a firm's location and its corporate finance decisions. We develop a simple model where being located within an industry cluster increases opportunities to make acquisitions, and to facilitate those acquisitions, firms within clusters maintain more...

Persistent link: https://www.econbiz.de/10012464981

The Only Game in Town : Stock-Price Consequences of Local Bias

Hong, Harrison - 2005

Theory suggests that, in the presence of local bias, the price of a stock should be decreasing in the ratio of the aggregate book value of firms in its region to the aggregate risk tolerance of investors in its region. We test this proposition using data on U.S. Census regions and states, and...

Persistent link: https://www.econbiz.de/10012467191

Jurisdictional Advantage

Feldman, Maryann - 2004

Our objective in this paper is to define jurisdictional advantage, the recognition that location is critical to firms' innovative success and that every location has unique assets that are not easily replicated. The purpose is to be normative and policy oriented. Drawing from the well-developed...

Persistent link: https://www.econbiz.de/10012467887

Bidding for Industrial Plants : Does Winning a 'Million Dollar Plant' Increase Welfare?

Greenstone, Michael - 2003

Increasingly, local governments compete by offering substantial subsidies to industrial plants to locate within their jurisdictions. This paper uses a novel research design to examine the consequences of successfully bidding for a plant on county-level labor earnings, property values, and public...

Persistent link: https://www.econbiz.de/10012468854

Firms' Decisions Where to Incorporate

Bebchuk, Lucian - 2002

This paper empirically investigates the decisions of publicly traded firms where to incorporate. We study the features of states that make them attractive to incorporating firms and the characteristics of firms that determine whether they incorporate in or out of their state of location. We find...

Persistent link: https://www.econbiz.de/10012469604

Market Potential, Increasing Returns, and Geographic Concentration

Hanson, Gordon H. - 1998

In this paper, I examine the relationship between increasing returns to scale and the geographic concentration of economic activity. Using data on U.S. counties, I estimate the structural parameters of the Krugman (1991) model of economic geography. The specification I use, which is derived from...

Persistent link: https://www.econbiz.de/10012472379

Urban Vibrancy and Corporate Growth

Dougal, Casey - 2014

We find that a firm's investment is highly sensitive to the investments of other firms headquartered nearby, even those in very different industries. It also responds to fluctuations in the cash flows and stock prices (q) of local firms outside its sector. These patterns do not appear to reflect...

Persistent link: https://www.econbiz.de/10012458317

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