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such benefits, which are viewed as positive externalities, Michael Porter argues that clustering is an important way for … ask: what is the appropriate policy for maximizing the benefits of CE (cluster externalities)? There are basically two … externalities is the traditional comparative advantage approach that must guide policy. This finding is congruent with the Porter …
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with four different types of goods (some with both technological and local externalities) and two cities where their … the comparison of aggregate growth rates: only the aggregate growth rate between two steady states, one without migration … but with trade specialization and the other after migration and specialization, makes sense. Henderson, V. (2003), The …
Persistent link: https://www.econbiz.de/10011540114
A large and still growing body of literature suggests that entrepreneurship is of exceptional importance in explaining regional specific efficiencies of knowledge spillovers. Although quantifying the impact of entrepreneurial activity for economic growth is an interesting issue -- particularly...
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the important structure of the age-productivity relation of Human Capital. The study is fundamentally based on the theory … of Fingleton's model which analyses the spatial process of productivity growth on the on the foundations of the theory of …
Persistent link: https://www.econbiz.de/10011479474
There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...
Persistent link: https://www.econbiz.de/10011480254
The role of population density for economic activity was neglected in most part of economic theory. This paper is a …
Persistent link: https://www.econbiz.de/10011483674
Gerking (1993). The benefits of these economies arise from multiple sources, but some negative externalities might also emerge …
Persistent link: https://www.econbiz.de/10011527324