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When economic activity is concentrated over space or over time, it is more efficient. Most production occurs in geographic hot spots, and most production occurs between 9 and 12 in the morning and 1 to 5 in the afternoon on weekdays. The thick-market efficiencies that encourage the concentration...
Persistent link: https://www.econbiz.de/10012760155
the presence of agglomeration economies in manufacturing. Because manufacturing paid higher wages than agriculture, this … national economy both directly through infrastructure improvements and indirectly through agglomeration economies. The model … benefits exceeding the program's costs. However, the program's indirect effects appear to have been limited: agglomeration …
Persistent link: https://www.econbiz.de/10013063298
regions? Agglomeration economies and human capital spillovers suggest that such policies could enhance welfare. However, the … mere existence of agglomeration externalities does not indicate which places should be subsidized. Without a better … low-income, low-density places where agglomeration effects are likely to be weakest. Most large-scale place …
Persistent link: https://www.econbiz.de/10013233889
. Place-based policies are rationalized by various hypotheses in urban and labor economics, such as agglomeration economies …
Persistent link: https://www.econbiz.de/10013055493
The growth of high-technology clusters in the United States suggests the presence of strong regional agglomeration …
Persistent link: https://www.econbiz.de/10013225808
In recent empirical literature on spatial agglomeration, many papers find evidence consistent with location …-specific externalities of some sort. Our willingness to accept evidence of agglomeration economies depends on how well key estimation … problems have been addressed. Three issues are particularly troublesome for identifying agglomeration effects: unobserved …
Persistent link: https://www.econbiz.de/10013226550
This paper discusses the prevalence of Silicon Valley-style localizations of individual manufacturing industries in the United States. Several models in which firms choose locations by throwing darts at a map are used to test whether the degree of localization is greater than would be expected...
Persistent link: https://www.econbiz.de/10013237563
We examine geographic concentration, agglomeration, and co-location of university research and industrial R&D in three … the level of MSAs. While evidence for agglomeration (in the sense of excess' concentration relative to the size of MSAs …
Persistent link: https://www.econbiz.de/10013243922
firm interactions yield agglomeration clusters that are much larger than the underlying agglomerative forces themselves … clusters and industry agglomeration …
Persistent link: https://www.econbiz.de/10013068841
This chapter reviews academic research on the connections between agglomeration and innovation. We first describe the …
Persistent link: https://www.econbiz.de/10013049373