Measuring Agglomeration Forces in a Financial Center
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.
Volume (Year): 18 (2006)
Issue (Month): 3 ()
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