| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7292 |
| DP7292 Financial Integration and Business Cycle Synchronization | |
| Sebnem Kalemli-Ozcan; Elias Papaioannou; José-Luis Peydró | |
| 发表日期 | 2009-05-03 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | 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. |
| 主题 | International Macroeconomics |
| 关键词 | Agglomeration economies Endogeneity Intangible assets Spatial autocorrelation |
| URL | https://cepr.org/publications/dp7292 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536129 |
| 推荐引用方式 GB/T 7714 | Sebnem Kalemli-Ozcan,Elias Papaioannou,José-Luis Peydró. DP7292 Financial Integration and Business Cycle Synchronization. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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