Abstract

http://ssrn.com/abstract=1405064
 
 

References (38)



 
 

Citations (1)



 


 



Assessing Agglomeration Economies in a Spatial Framework with Endogenous Regressors


Michael J. Artis


University of Manchester - Institute for Political & Economic Governance (IPEG)

Ernest Miguélez


University of Barcelona - Department of Econometrics

Rosina Moreno


University of Barcelona - Department of Econometrics

April 2009

CEPR Discussion Paper No. DP7267

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 both for endogeneity and for spatial autocorrelation 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.

Number of Pages in PDF File: 32

Keywords: agglomeration economies, endogeneity, intangible assets, spatial autocorrelation

JEL Classification: C21, J34, R10, R11, R12

working papers series


Date posted: May 19, 2009  

Suggested Citation

Artis, Michael J. and Miguélez, Ernest and Moreno, Rosina, Assessing Agglomeration Economies in a Spatial Framework with Endogenous Regressors (April 2009). CEPR Discussion Paper No. DP7267. Available at SSRN: http://ssrn.com/abstract=1405064

Contact Information

Michael J. Artis (Contact Author)
University of Manchester - Institute for Political & Economic Governance (IPEG) ( email )
Oxford Road
Manchester, M13 9PL
United Kingdom
Ernest Miguélez
University of Barcelona - Department of Econometrics ( email )
Av. Diagonal 690
Barcelona, E-08034
Spain
Rosina Moreno
University of Barcelona - Department of Econometrics ( email )
Analisi Quantitativa Regional Research Group
08007 Barcelona
Spain
Feedback to SSRN


Paper statistics
Abstract Views: 229
Downloads: 5
References:  38
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo7 in 0.515 seconds