HINDRIKS, Jean; PERALTA, Susana; WEBER, Shlomo - Center for Operations Research and Econometrics (CORE), … - 2005
investments due to moral-hazard effect, it remains beneficial in most cases. Moreover, there are new agglomeration forces … attract more capital. This leads to the possibility of policy-induced agglomeration (which is different from the classical … agglomeration forces in the New Economic geography). …