In order to evaluate the allocational effectiveness of regional policy when harmonizing regional economic conditions firms? preferences play a pivot role. If harmonization hinders risk diversification of the firm, then instead of regional diversification of capital agglomeration of capital...

Do trade integration and fiscal competition contribute to shape the economic landscape? The answer is yes. This paper uses a theoretical model and an econometric analysis of Brazilian regional manufacturing employment data over the period 1990-1998 to address this question. Brazil is a natural...

This paper considers a model of spatial allocation of investment capital under uncertainty. We demonstrate that the spatial concentration of economic activity depends upon properties of risk preferences deeper than risk aversion. The degree of so-called relative prudence unambiguously decides...

Regional politicians regard the cluster concept as a key factor for promoting regional economic performance. They refer to a comprehensive set of theoretical and empirical literature which provides the clusters' positive impact on regional development. Recent studies dealing with that topic...

Ellison and Glaeser's (1997) index of geographical concentration distinguishes between natural advantages and spillovers as a source of industrial agglomeration, but the well-known 'observational equivalence' means little is known about the relative importance of these. This paper uses the...

This paper analyses the location choice of German investors in the Czech Republic based on a unique dataset covering all Czech companies with a German equity holder in 2010. The identification of the regional determinants of foreign direct investment (FDI) location is an important regional...

Entrepreneurship is crucial for the economic development of a region. Using entropy, cluster and shift-share analysis techniques, the authors present a detailed picture of the entrepreneurial milieu of the Sud Muntenia region of Romania, pointing both towards the presence of an overall...

This paper analyses the location choice of German investors in the Czech Republic based on a unique dataset covering all Czech companies with a German equity holder in 2010. The identification of the regional determinants of foreign direct investment (FDI) location is an important regional...

We study the determinants of agglomeration of Canadian manufacturing industries from 1990 to 2009. In so doing, we revisit the seminal contribution by Rosenthal and Strange (2001, "The determinants of agglomeration", J Urban Econ 50(2), 191?229) using a long panel and continuous measures of...

Spatial and transport planners, authorities, real estate developers, investors, re-locating residents and businesses have different questions related to space and transport. These questions may concern specific land parcels, or cover a much larger area such as a city, a region, or even a whole...