Concentration, Coagglomeration and Spillovers: The Geography of New Market Firms in Germany
The Neuer Markt, launched in 1997 by Deutsche Börse, the German stock exchange, is Europe’s closest equivalent to the Nasdaq, the US high-tech oriented stock market. Although the New Economy in Germany is not restricted to Neuer Markt firms one may argue that these firms and their employees form the spearhead of Germany’s New Economy. In the current paper we employ the ‘dartboard approach’ pioneered by Ellison and Glaeser to analyse the spatial concentration of New Economy employment in Germany, the coagglomeration of firms belonging to different sub-sectors of Neuer Markt and the (intraregional) spillovers between different high tech industries. We refine the analysis by differentiating between Neuer Markt firms in general and New Economy firms in a more narrow sense, and we compare their spatial distribution with the structure of the ‘traditional economy’ as well as with the spatial distribution of other innovative activities such as patent applications or R&D. Key Words: Geographic concentration, New Economy, Neuer Markt, Dartboard Approach JEL Classification: G19, O30, O18, R11
|Date of creation:||Aug 2003|
|Date of revision:|
|Contact details of provider:|| Postal: Welthandelsplatz 1, 1020 Vienna, Austria|
Web page: http://www.ersa.org
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ellison, Glenn & Glaeser, Edward L, 1997.
"Geographic Concentration in U.S. Manufacturing Industries: A Dartboard Approach,"
Journal of Political Economy,
University of Chicago Press, vol. 105(5), pages 889-927, October.
- Ellison, G. & Glaeser, E.L., 1994. "Geographic Concentration in U.S. Manufacturing Industries: A Dartboard Approach," Working papers 94-27, Massachusetts Institute of Technology (MIT), Department of Economics.
- Glenn Ellison & Edward L. Glaeser, 1994. "Geographic Concentration in U.S. Manufacturing Industries: A Dartboard Approach," NBER Working Papers 4840, National Bureau of Economic Research, Inc.
- Dohse, Dirk, 2000. "Regionen als Innovationsmotoren: zur Neuorientierung in der deutschen Technologiepolitik," Kiel Discussion Papers 366, Kiel Institute for the World Economy (IfW).
- Michael P. Devereux & Rachel Griffith & Helen Simpson, 2000.
"The Geographic Distribution of Production Activity in the UK,"
Econometric Society World Congress 2000 Contributed Papers
1397, Econometric Society.
- Devereux, Michael P. & Griffith, Rachel & Simpson, Helen, 2004. "The geographic distribution of production activity in the UK," Regional Science and Urban Economics, Elsevier, vol. 34(5), pages 533-564, September.
- Devereux, Michael P. & Griffith, Rachel & Simpson, Helen, 2002. "The Geographical Distribution of Production Activity in the UK," CEPR Discussion Papers 3627, C.E.P.R. Discussion Papers.
- Michael Devereux & Rachel Griffith & Helen Simpson, 1999. "The geographic distribution of production activity in the UK," IFS Working Papers W99/26, Institute for Fiscal Studies.
- Rolf Sternberg & Christine Tamasy, 1999. "Munich as Germany's No. 1 High Technology Region: Empirical Evidence, Theoretical Explanations and the Role of Small Firm/Large Firm Relationships," Regional Studies, Taylor & Francis Journals, vol. 33(4), pages 367-377.
- Maurel, Francoise & Sedillot, Beatrice, 1999. "A measure of the geographic concentration in french manufacturing industries," Regional Science and Urban Economics, Elsevier, vol. 29(5), pages 575-604, September.
- Dohse, Dirk & Schertler, Andrea, 2003.
"Explaining the regional distribution of new economy firms: a count data analysis,"
Kiel Working Papers
1193, Kiel Institute for the World Economy (IfW).
- Dirk Dohse & Andrea Schertler, 2003. "Explaining the Regional Distribution of New Economy Firms; A Count Data Analysis," Kiel Working Papers 1193, Kiel Institute for the World Economy.
When requesting a correction, please mention this item's handle: RePEc:wiw:wiwrsa:ersa03p230. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gunther Maier)
If references are entirely missing, you can add them using this form.