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Assessing agglomeration economies in a spatial framework with endogenous regressors (2009)

By Ernest Miguélez and Rosina Moreno Serrano

Abstract

This paper is concerned with the influence of agglomeration economies on economic outcomes across British regions. The concentration of economic activity in one place can foster economic performance due to the reduction in transportation costs, the ready availability of customers and suppliers, and knowledge spillovers. However, the concentration of several types of intangible assets can boost productivity as well. Thus, using an interesting dataset which proxies regional productivity, we will assess the relative importance of agglomeration and other assets, controlling for endogeneity, spatial autocorrelation and heteroscedasticity at the same time. Our results suggest that agglomeration has a definite positive influence on productivity, although our estimates of its effect are dramatically reduced when spatial dependence and other hitherto omitted variables proxying intangible assets are controlled for

Topics: Concentració industrial, Localització industrial, Sistemes productius locals, Condicions socials, Industrial concentration, Industrial location, Industrial clusters, Social conditions
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Year: 2015
OAI identifier: oai:diposit.ub.edu:2445/61509
Journal:

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