| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP3455
|
| DP3455 Market Potential and the Location of Japanese Investment in the European Union |
| Thierry Mayer; Keith Head
|
| 发表日期 | 2002-07-20
|
| 出版年 | 2002
|
| 语种 | 英语
|
| 摘要 | We investigate the hypothesis that firms prefer to locate ``where the markets are." We use a theoretical model of location choice under imperfect competition to formalise this concept. The model yields an equilibrium profit equation incorporating a term closely connected to the market potential index introduced by Harris in 1954. The location decision is a function of demand in all locations weighted by accessibility to consumers. We also show how the spatial distribution of competitors should be factored into the location choice. We then implement the model empirically, comparing our theoretically-derived measure of market potential with Harris' term and with ad hoc agglomeration variables. Our sample consists of firm-level location choices by Japanese firms between 1984 and 1995 and we use both the information on the choice of country and the choice of region inside each country in our analysis. Our results show that market potential does matter for location choice but that traditional agglomeration variables retain an important role in the location decision. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Location choice
Borders
European union
|
| URL | https://cepr.org/publications/dp3455
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532473
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推荐引用方式
GB/T 7714 |
Thierry Mayer,Keith Head. DP3455 Market Potential and the Location of Japanese Investment in the European Union. 2002.
|
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