diversification of capital agglomeration of capital occurs. Hence, regional policy will not achieve its objective to equal the spatial …

upon the firms' risk preferences. As a result regional agglomeration of investments may occur although the objective of the …

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. …

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. …

We estimate a model of urban productivity in which the agglomeration effect of density is enhanced by a metropolitan …

incentives are in the presence of agglomeration and urbanisation externalities. We find evidence that regional industrial …

agglomeration processes. …