Sectoral spillovers and the price of land: a cost analysis
AbstractIf firms and workers are free to move within a country, they will choose to locate in areas where local attributes enhance their productivity. In equilibrium, however, differences in local productivity should be offset by higher local prices. In this paper, I estimates both local sectoral cost functions in the panel of US states for 1969-1992 and across MSAs in 1990, and rent and wage hedonic equations for individual households and workers to study, first, what determines different productivity adavatages across areas and, second, the extent to which productivity gains from local attributes vary across sectors.
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Bibliographic InfoArticle provided by Elsevier in its journal Regional Science and Urban Economics.
Volume (Year): 30 (2000)
Issue (Month): 5 (September)
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Other versions of this item:
- Adsera, A., 1998. "Sectoral Spillovers and the Price of Land. A Cost Analysis," UFAE and IAE Working Papers 413.98, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
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