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Measuring Agglomeration Forces in a Financial Center

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  • Patrice Pieretti

    ()
    (University of Luxembourg)

  • Arnaud Bourgain

    ()
    (University of Luxembourg)

Abstract

Basing on Scitovsky's (1954) definition of external economies and applying the method of Caballero and Lyons (1990) to macro data of Luxembourg services industry, we find significant agglomeration forces between financial intermediaries (downstream industry) on the one hand and business services and computer industry (upstream industries) on the other.

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File URL: http://www.accessecon.com/pubs/EB/2006/Volume18/EB-06R10002A.pdf
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Bibliographic Info

Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 18 (2006)
Issue (Month): 3 ()
Pages: 1-9

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Handle: RePEc:ebl:ecbull:eb-06r10002

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  1. Susanto Basu & John G. Fernald, 1994. "Are apparent productive spillovers a figment of specification error?," International Finance Discussion Papers 463, Board of Governors of the Federal Reserve System (U.S.).
  2. Knarvik, K.H.M. & Steen, F., 1997. "Self-reinforcing Agglomerations? An empirical industry study," Papers 14/97, Norwegian School of Economics and Business Administration-.
  3. N. Gregory Mankiw, 1989. "Real Business Cycles: A New Keynesian Perspective," NBER Working Papers 2882, National Bureau of Economic Research, Inc.
  4. Tibor Scitovsky, 1954. "Two Concepts of External Economies," Journal of Political Economy, University of Chicago Press, vol. 62, pages 143.
  5. Bartelsman, Eric J & Caballero, Ricardo J & Lyons, Richard K, 1994. "Customer- and Supplier-Driven Externalities," American Economic Review, American Economic Association, vol. 84(4), pages 1075-84, September.
  6. Caballero, R.J. & Lyons, R.K., 1991. "External Effects in U.S. Procyclical Productivity," Papers 91-19, Columbia - Graduate School of Business.
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Cited by:
  1. Abdelaziz Rouabah, 2007. "Co-variation des taux de croissance sectoriels au Luxembourg: l?apport des corrélations conditionnelles dynamiques," BCL working papers 25, Central Bank of Luxembourg.

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