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Getting there fast: Globalization, intercontinental flights and location of headquarters

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Author Info

  • Germà Bel

    (University of Barcelona)

  • Xavier Fageda

    (University of Barcelona)

Abstract

Information exchanges across firms within cities are considered to be one of the major agglomeration forces in the regional economics literature. In addition, the quality of transport infrastructures arises as one of the major determinants in the location decisions of firms across cities and hence on urban economic growth. However, the significance of information exchanges between cities and the role of airports as a mean of managing such information efficiently has received much less attention. We deal with these issues through the empirical analysis of the determinants of the location of large firms´ headquarters across major European urban areas, focusing the attention on the attractiveness of a city for large firms due to the supply of non-stop intercontinental flights.

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File URL: http://128.118.178.162/eps/urb/papers/0511/0511008.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Urban/Regional with number 0511008.

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Length: 22 pages
Date of creation: 16 Nov 2005
Date of revision:
Handle: RePEc:wpa:wuwpur:0511008

Note: Type of Document - pdf; pages: 22
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Web page: http://128.118.178.162

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Keywords: Headquarters; Airports; Information.;

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References

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  1. Lijesen, Mark G. & Rietveld, Piet & Nijkamp, Peter, 2002. "How do carriers price connecting flights? Evidence from intercontinental flights from Europe," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 38(3-4), pages 239-252, May.
  2. Rosenthal, Stuart S. & Strange, William C., 2001. "The Determinants of Agglomeration," Journal of Urban Economics, Elsevier, vol. 50(2), pages 191-229, September.
  3. James R. Markusen, 1995. "The Boundaries of Multinational Enterprises and the Theory of International Trade," Journal of Economic Perspectives, American Economic Association, vol. 9(2), pages 169-189, Spring.
  4. Mohring, Herbert, 1972. "Optimization and Scale Economies in Urban Bus Transportation," American Economic Review, American Economic Association, vol. 62(4), pages 591-604, September.
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Cited by:
  1. Germá Bel & Xavier Fageda, 2011. "La reforma del modelo de gestión de aeropuertos en España: ¿Gestión conjunta o individual?," Hacienda Pública Española, IEF, vol. 196(1), pages 109-130, january.
  2. Procter, Roger, 2011. "Echanching Productivity: Towards an Updated Action Agenda," Occasional Papers 11/1, Ministry of Economic Development, New Zealand.
  3. Masagus M. Ridhwan & Henri L.F. de Groot & Piet Rietveld & Peter Nijkamp, 2012. "Regional Interest Rate Variations: Evidence from the Indonesian Credit Markets," Tinbergen Institute Discussion Papers 12-073/3, Tinbergen Institute.
  4. Burghouwt, Guillaume, 2014. "Long-haul specialization patterns in European multihub airline networks – An exploratory analysis," Journal of Air Transport Management, Elsevier, vol. 34(C), pages 30-41.
  5. Renato Redondi & Mariasole Bannò & Marco Mutinelli, 2011. "Air Connectivity and Foreign Direct Investments The economic effects of the introduction of new routes," ERSA conference papers ersa11p249, European Regional Science Association.
  6. Germa Bel & Xavier Fageda, 2009. "Preventing competition because of 'solidarity': rhetoric and reality of airport investments in Spain," Applied Economics, Taylor & Francis Journals, vol. 41(22), pages 2853-2865.
  7. Bilotkach, Volodymyr & Lakew, Paulos Ashebir, 2014. "On sources of market power in the airline industry: Panel data evidence from the US airports," Transportation Research Part A: Policy and Practice, Elsevier, vol. 59(C), pages 288-305.
  8. Hill, T.L. & Mudambi, Ram, 2010. "Far from Silicon Valley: How emerging economies are re-shaping our understanding of global entrepreneurship," Journal of International Management, Elsevier, vol. 16(4), pages 321-327, December.
  9. Puga, Diego, 2008. "Agglomeration and cross-border infrastructure," EIB Papers 9/2008, European Investment Bank, Economics Department.
  10. Bruce A. Blonigen & Anca D. Cristea, 2012. "Airports and Urban Growth: Evidence from a Quasi-Natural Policy Experiment," NBER Working Papers 18278, National Bureau of Economic Research, Inc.
  11. Deschryvere, Matthias, 2009. "Mobility of Corporate Headquarter Functions: A Literature Review," Discussion Papers 1203, The Research Institute of the Finnish Economy.
  12. Pietro Alessandrini & Andrea Filippo Presbitero & Alberto Zazzaro, 2008. "Global Banking and Local Markets," Mo.Fi.R. Working Papers 4, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
  13. Masagus M. Ridhwan & Henri L.F. de Groot & Piet Rietveld & Peter Nijkamp, 2012. "Regional Interest Rate Variations: Evidence from the Indonesian Credit Markets," Tinbergen Institute Discussion Papers 12-073/3, Tinbergen Institute.
  14. Peter Egger & Doina Radulescu & Nora Strecker, 2013. "Effective labor taxation and the international location of headquarters," International Tax and Public Finance, Springer, vol. 20(4), pages 631-652, August.
  15. Fabrizio Barca & Philip McCann & Andrés Rodríguez-Pose, 2011. "The case for regional development intervention: Place-based versus place-neutral approaches," Working Papers 2011-15, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
  16. Aurélie LALANNE (GREThA, CNRS, UMR 5113) & Guillaume POUYANNE ( GREThA, CNRS, UMR 5113), 2012. "Ten years of metropolization in economics: a bibliometric approach (In French)," Cahiers du GREThA 2012-11, Groupe de Recherche en Economie Théorique et Appliquée.

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