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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 …
Persistent link: https://www.econbiz.de/10003919704
The vast majority of regions in West Germany, and the EU, have become more similar in terms of per-capita income and productivity between 1980 and 2000. But a number of rich areas - generally large agglomerations - have succeeded in departing from this trend of convergence. They are continuing...
Persistent link: https://www.econbiz.de/10003324227
Firms cluster their economic activities to exploit technological and informational spillovers from other firms. Spillovers through the entry of multinational firms can be particularly beneficial to domestic firms because of their technological superiority. Yet, the importance of foreign firm's...
Persistent link: https://www.econbiz.de/10003435600
agglomeration economies, i.e. we examine whether firms share risks from idiosyncratic and sector specific shocks through labor … employment shocks. Both findings provide evidence that labor pooling matters as a source of agglomeration economies by allowing …, suggesting that agglomeration costs exceed the benefits from risk sharing. -- Marshallian Externalities ; Labor Pooling …
Persistent link: https://www.econbiz.de/10009373719
Existing indices measuring the spatial distribution of economic activity such as the Krugman Specialisation Index, the Hirschmann-Herfindahl index and the Ellison-Glaeser index typically do not take into account the spatial structure of the data. In this paper, we first consider traditional...
Persistent link: https://www.econbiz.de/10011373826
The question whether agglomeration effects are of importance for regional development has a long tradition in regional … science. This paper asks if regional characteristics and specifically ag-glomeration effects influence the performance of … regional agglomeration effects for Germany. Second, while earlier papers looked only at few sectors of the economy or only at …
Persistent link: https://www.econbiz.de/10011539710
Following a hedonic framework, this paper constructs various transaction-based commercial property price indicators for the Netherlands. Using quarterly data from the Investment Property Databank (IPD), the analysis covers a total of 10,000 listed properties over the period 2001-2011. The study...
Persistent link: https://www.econbiz.de/10013060537
spatial agglomeration, as the standard Dixit-Stiglitz (1977) - Krugman(1980) framework, all the variability in these measures … by) concentration and agglomeration patterns according to a size-related basis. These results therefore cast some doubt …
Persistent link: https://www.econbiz.de/10014051304
We study the location of various film-related services (such as camera rental, casting agencies or pyrotechnic services), the main determinant of interest being the human capital specificity. We show that firms which supply services with a lower firm specificity locate farther away from one...
Persistent link: https://www.econbiz.de/10011439248
non-exporting firms. Our results show that agglomeration economies at zip-code level strongly effect the location decision … of industrial establishments and find the presence of agglomeration shadows, one of the core predictions of the standard … New Economic Geography formulations. -- Firm Location ; Agglomeration Economies ; Agglomeration Shadows …
Persistent link: https://www.econbiz.de/10003891875