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"One of the most robust findings emerging from studies of industrial agglomeration is the rise in productivity that tends to accompany it. What most studies have not addressed, however, is the potential role played by human capital externalities in driving this relationship. This paper seeks to...
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congested area where world-class ICT and high-tech industries cluster together. In theory, geographical agglomeration of …
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We introduce knowledge spillovers as an externality in the production function of competitive firms operating in a finite spatial domain under adjustment costs. Spillovers are spatial as productive knowledge flows more easily among firms located nearby. When knowledge spillovers are not...
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The adoption and diffusion of environmental innovations (EIs) is crucial to greening the economy and achieving win-win environmental - economic gains. A large and increasing literature has focused on the levers underlying EIs that are external to the firm, such as stakeholders' pressure and...
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