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Spatial homogeneity is a strong assumption in the hedonic housing price context; if not analyzed conveniently it can be a potential source of specification errors. Spatial heterogeneity occurs when a territorial segmentation exists in the housing market and, therefore, either the hedonic prices...
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way clusters can positively affect competition by increasing productivity and innovation. Because of the linkage between … growth and innovation, R&D intensive industries play a crucial role in cluster development strategies. Empirical cluster … industries with high innovation activity tend to cluster for exploiting benefits from tacit knowledge flows. Krugman stresses …
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