The billion pound drop: the Blitz and agglomeration economies in London
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DOI: 10.1093/jeg/lbaa022
Abstract: We exploit locally exogenous variation from the Blitz bombings to quantify the effect of redevelopment frictions and identify agglomeration economies at a micro-geographic scale. Employing rich location and office rental transaction data, we estimate reduced-form… read more here.
Keywords: blitz; agglomeration economies; agglomeration; billion pound ... See more keywords
Agglomeration economies and firm-level labor misallocation
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DOI: 10.1093/jeg/lby007
Abstract: A large portion of productivity differentials among locations is related to density. Firms located in denser areas are more productive due to agglomeration economies (Combes et al., 2012a). We provide in this paper an explanation… read more here.
Keywords: economies firm; level; agglomeration economies; misallocation ... See more keywords
Dynamic agglomeration economies and learning by working in specialised regions
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DOI: 10.1093/jeg/lbz022
Abstract: This study provides new evidence on the magnitude of dynamic agglomeration economies. It estimates the elasticity of entry wage with regard to the size of the regional labour markets in which previous work experience was… read more here.
Keywords: learning working; dynamic agglomeration; agglomeration economies; labour markets ... See more keywords
The impact of institutional proximity, cognitive proximity and agglomeration economies on firm-level productivity
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DOI: 10.1108/jes-07-2019-0345
Abstract: PurposeThis paper analyses the impact of institutional proximity, cognitive proximity and geographical proximity (in the form of agglomeration economies) on the firm-level productivity of foreign-owned firms in Ireland. The analysis of agglomeration economies, consisting of… read more here.
Keywords: productivity; agglomeration economies; level; cognitive proximity ... See more keywords
Do agglomeration economies affect the local comovement of stock returns? Evidence from China
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DOI: 10.1177/0042098016633101
Abstract: Prior studies in finance have examined the comovement of stock returns of firms headquartered in the same location. One interpretation of the results is that local investors have a ‘local bias’ due to an information… read more here.
Keywords: comovement stock; agglomeration economies; stock returns;