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Sectoral Spillovers and the Price of Land. A Cost Analysis

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  • Adsera, A.

Abstract

If 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.

Suggested Citation

  • 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).
  • Handle: RePEc:aub:autbar:413.98
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    Cited by:

    1. Pablo-Romero, M. del P. & Gómez-Calero, M. de la P., 2013. "A translog production function for the Spanish provinces: Impact of the human and physical capital in economic growth," Economic Modelling, Elsevier, vol. 32(C), pages 77-87.
    2. Esteban Sanroma & Raul Ramos, 2007. "Local Human Capital and Productivity: An Analysis for the Spanish Regions," Regional Studies, Taylor & Francis Journals, vol. 41(3), pages 349-359.
    3. Behrens, Kristian, 2007. "On the location and lock-in of cities: Geography vs transportation technology," Regional Science and Urban Economics, Elsevier, vol. 37(1), pages 22-45, January.
    4. Strauss-Kahn, Vanessa & Vives, Xavier, 2009. "Why and where do headquarters move?," Regional Science and Urban Economics, Elsevier, vol. 39(2), pages 168-186, March.
    5. Jeffrey Brinkman & Daniele Coen-Pirani & Holger Sieg, 2012. "Estimating a dynamic equilibrium model of firm location choices in an urban economy," Working Papers 12-26, Federal Reserve Bank of Philadelphia.
    6. Daniel J. Graham & Patricia C. Melo, 2009. "Agglomeration Economies and Labour Productivity: Evidence from Longitudinal Worker Data for GBs Travel-to-Work Areas," SERC Discussion Papers 0031, Spatial Economics Research Centre, LSE.
    7. LaFountain, Courtney, 2005. "Where do firms locate? Testing competing models of agglomeration," Journal of Urban Economics, Elsevier, vol. 58(2), pages 338-366, September.
    8. Girma, Sourafel & Wakelin, Katharine, 2007. "Local productivity spillovers from foreign direct investment in the U.K. electronics industry," Regional Science and Urban Economics, Elsevier, vol. 37(3), pages 399-412, May.
    9. Sourafel Girma, & Holger Görg, 2003. "Foreign direct investmant, spillovers and absorptive capacity: Evidence from quantile regressions," The Institute for International Integration Studies Discussion Paper Series iiisdp01, IIIS.
    10. Duranton, Gilles & Puga, Diego, 2005. "From sectoral to functional urban specialisation," Journal of Urban Economics, Elsevier, vol. 57(2), pages 343-370, March.
    11. Dekle, Robert & Eaton, Jonathan, 1999. "Agglomeration and Land Rents: Evidence from the Prefectures," Journal of Urban Economics, Elsevier, vol. 46(2), pages 200-214, September.
    12. Ramos, Raul & Sanroma, Esteban, 1999. "Local human capital and external economies: evidence for Spain," ERSA conference papers ersa99pa309, European Regional Science Association.
    13. Sourafel Girma, 2005. "Absorptive Capacity and Productivity Spillovers from FDI: A Threshold Regression Analysis," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 67(3), pages 281-306, June.
    14. Rizov, Marian & Oskam, Arie & Walsh, Paul, 2012. "Is there a limit to agglomeration? Evidence from productivity of Dutch firms," Regional Science and Urban Economics, Elsevier, vol. 42(4), pages 595-606.
    15. Holger Sieg & Daniele Coen-Pirani & Jeff Brinkman, 2011. "Agglomeration Externalities and the Dynamics of Firm Location Choices," 2011 Meeting Papers 966, Society for Economic Dynamics.
    16. Girma, Sourafel & Wakelin, Katharine, 2001. "Regional Underdevelopment: Is FDI the Solution? A Semiparametric Analysis," CEPR Discussion Papers 2995, C.E.P.R. Discussion Papers.

    More about this item

    Keywords

    EXTERNALITIES ; ECONOMIC GROWTH ; REGIONAL ANALYSIS ; COSTS;

    JEL classification:

    • 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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