| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP14644
|
| DP14644 On the productivity advantage of cities |
| Giordano Mion; Nick Jacob
|
| 发表日期 | 2020-04-20
|
| 出版年 | 2020
|
| 语种 | 英语
|
| 摘要 | Ever since Marshall (1890) agglomeration externalities have been viewed as the key factor explaining the existence of cities and their size. However, while the various micro foundations of agglomeration externalities stress the importance of Total Factor Productivity (TFP), the empirical evidence on agglomeration externalities rests on measures obtained using firm revenue or value-added as a measure of firm output: revenue-based TFP (TFP-R). This paper uses data on French manufacturing firms' revenue, quantity and prices to estimate TFP and TFP-R and decompose the latter into various elements. Our analysis suggests that the revenue productivity advantage of denser areas is mainly driven by higher prices charged rather than differences in TFP. At the same time, firms in denser areas are able to sell higher quantities, and generate higher revenues, despite higher prices. These and other results we document suggest that firms in denser areas are able to charge higher prices because they sell higher demand/quality products. Finally, while the correlation between firm revenue TFP and firm size is positive in each location, it is also systematically related to density: firms with higher (lower) TFP-R account for a larger (smaller) share of total revenue in denser areas. These patterns thus amplify in aggregate regional-level figures any firm-level differences in productivity across space. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Total factor productivity (tfp)
Density
Agglomeration externalities
Revenue-based tfp
Prices
Demand
Quality
|
| URL | https://cepr.org/publications/dp14644
|
| 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/543557
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推荐引用方式
GB/T 7714 |
Giordano Mion,Nick Jacob. DP14644 On the productivity advantage of cities. 2020.
|
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