Cities and Clusters: Economy-Wide and Sector-Specific Effects in Corporate Location
AbstractAre the observed spatial distributions of firms decided mostly by market-mediated, economy-wide locational forces, or rather by non-pecuniary, sector-specific ones? This work finds that the latter kind of forces weight systematically more than the former in deciding firm location. The analysis uses Italian data on manufacturing sectors spatially disaggregated at the level of Local Labor Market Areas. Other than the results for the whole of Italy in 1991 and 2001, the paper also provides results for the four macroregions that compose the country.
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Bibliographic InfoArticle provided by Società editrice il Mulino in its journal L'industria.
Volume (Year): (2011)
Issue (Month): 4 ()
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Firm Location; Localization Economies; Urbanization Economies; Maximum Likelihood Estimates; L100; C310; R300.;
Other versions of this item:
- Giulio Bottazzi & Ugo Gragnolati, 2010. "Cities and clusters: economy-wide and sector-specific effects in corporate location," LEM Papers Series 2010/16, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location
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