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Contemporary economic analysis is largely subject to rather bizarre schizofrenic syndromes. On the one hand, over the last thirty years or so, macro theories have tried to squeeze the interpretation of whatever aggregate dynamics down to some sort of decision-theoretic framework in which the...
Persistent link: https://www.econbiz.de/10011025977
Contemporary economic analysis is largely subject to rather bizarre schizofrenic syndromes. On the one hand, over the last thirty years or so, macro theories have tried to squeeze the interpretation of whatever aggregate dynamics down to some sort of decision-theoretic framework in which the...
Persistent link: https://www.econbiz.de/10009372720
Persistent link: https://www.econbiz.de/10008752065
Persistent link: https://www.econbiz.de/10008734399
In this paper we study a class of evolutionary models of industrial agglomeration with local positive feedbacks, which allow for a wide set of empirically-testable implications. Their roots rest in the Generalized Polya Urn framework. Here, however, we build on a birth-death process over a...
Persistent link: https://www.econbiz.de/10010328468
Diverse theories of industry dynamics predict heterogeneity in production efficiency to be the driver of firms' growth, survival and industrial change, either through a direct link between efficiency and growth, or through an indirect effect via profitabilities, as more productive firms can...
Persistent link: https://www.econbiz.de/10010328469
This work explores the spatial distribution of productive activities in the Italian manufacturing industry. We propose an econometric model which tries to disentangle locationspecific from sectoral drivers in the dynamic process of spatial agglomeration. The basic idea is that the former...
Persistent link: https://www.econbiz.de/10010328523
In this work we explore some basic properties of the size distributions of firms and of their growth processes both at aggregate and disaggregate levels. First, we investigate which properties of firm's size distributions and growth dynamics are robust under disaggregation. Second, at a...
Persistent link: https://www.econbiz.de/10010328645
This work explores the spatial structure of location of production activities. We try to disentangle location- from sector-specific drivers in the dynamic process of spatial agglomeration. We argue that the former typically apply "horizontally" (i.e. across all industrial sectors), while the...
Persistent link: https://www.econbiz.de/10005518721
In this paper we study a class of evolutionary models of industrial agglomeration with local positive feedbacks, which allow for a wide set of empirically-testable implications. Their roots rest in the Generalized Polya Urn framework. Here, however, we build on a birth-death process over a...
Persistent link: https://www.econbiz.de/10005481651