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Measuring Agglomeration Forces in a Financial Center

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Author Info
Arnaud Bourgain () (University of Luxembourg)
Patrice Pieretti () (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://economicsbulletin.vanderbilt.edu/2006/volume18/EB-06R10002A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 18 (2006)
Issue (Month): 3 ()
Pages: 1-9
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Handle: RePEc:ebl:ecbull:v:18:y:2006:i:3:p:1-9

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Related research
Keywords: Agglomeration Effects Business Services Externalities Financial Centers

Find related papers by JEL classification:
R1 - Urban, Rural, and Regional Economics - - General Regional Economics
L8 - Industrial Organization - - Industry Studies: Services

References listed on IDEAS
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  1. 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. [Downloadable!] (restricted)
  2. Basu, Susanto & Fernald, John G., 1995. "Are apparent productive spillovers a figment of specification error?," Journal of Monetary Economics, Elsevier, vol. 36(1), pages 165-188, August. [Downloadable!] (restricted)
    Other versions:
  3. Susanto Basu & John Fernald, 2000. "Why is productivity procyclical? Why do we care?," Working Paper Series WP-00-11, Federal Reserve Bank of Chicago. [Downloadable!]
    Other versions:
  4. Rosenthal, Stuart S. & Strange, William C., 2004. "Evidence on the nature and sources of agglomeration economies," Handbook of Regional and Urban Economics, in: J. V. Henderson & J. F. Thisse (ed.), Handbook of Regional and Urban Economics, edition 1, volume 4, chapter 49, pages 2119-2171 Elsevier. [Downloadable!] (restricted)
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This page was last updated on 2008-7-12.

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