upon the firms' risk preferences. As a result regional agglomeration of investments may occur although the objective of the … ; regional policy ; agglomeration ; two-moment decision model …

. -- urban density premium ; dynamic agglomeration economies ; establishment entry and exit …

account for any of the estimated density premium. We interpret our results as implying that the returns to agglomeration …

agglomeration. The analysis shows a clear and strong selection of more productive new establishments into larger regions, regardless … show higher productivity levels as compared to those located in smaller regions, the role of an agglomeration is very … first time period, but start-ups suffer negative agglomeration effects over time. …

Economic research on industry location and agglomeration has focused nearly exclusively on manufacturing. This paper … traditional measures of knowledge spillovers, natural resource inputs, and labor pooling explain little of agglomeration in … services industries, this paper takes an alternative approach and looks at co-agglomeration to assess why industries cluster …

terms of productivity than non-traders when agglomeration rises. Firms that are stable participants of international trade … gain 16 % in terms of total factor productivity growth as agglomeration doubles while non-traders may not benefit from … agglomeration at all. Results also suggest that traders' productivity premium is most apparent in urbanised economies …