Heterogenous firms, agglomeration and economic geography: spatial selection and sorting
A Melitz-style model of monopolistic competition with heterogeneous firms is integrated into a simple New Economic Geography model to show that the standard assumption of identical firms is neither necessary nor innocuous. We show that re-locating to the big region is most attractive for the most pr...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11650 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | A Melitz-style model of monopolistic competition with heterogeneous firms is integrated into a simple New Economic Geography model to show that the standard assumption of identical firms is neither necessary nor innocuous. We show that re-locating to the big region is most attractive for the most productive firms; this implies interesting results for empirical work and policy analysis. A 'selection effect' means standard empirical measures overestimate agglomeration economies. A 'sorting effect' means that a regional policy induces the highest productivity firms to move to the core while the lowest productivity firms to move to the periphery. We also show that heterogeneity dampens the home market effect. |
| Physical Description: | 25 S. graph. Darst. |
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| id | DE-604.BV023591699 |
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| indexdate | 2024-07-09T21:25:11Z |
| institution | BVB |
| language | English |
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| spelling | Baldwin, Richard E. Verfasser (DE-588)114688842 aut Heterogenous firms, agglomeration and economic geography spatial selection and sorting Richard Baldwin ; Toshihiro Okubo Cambridge, Mass. National Bureau of Economic Research 2005 25 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11650 A Melitz-style model of monopolistic competition with heterogeneous firms is integrated into a simple New Economic Geography model to show that the standard assumption of identical firms is neither necessary nor innocuous. We show that re-locating to the big region is most attractive for the most productive firms; this implies interesting results for empirical work and policy analysis. A 'selection effect' means standard empirical measures overestimate agglomeration economies. A 'sorting effect' means that a regional policy induces the highest productivity firms to move to the core while the lowest productivity firms to move to the periphery. We also show that heterogeneity dampens the home market effect. Ökonometrisches Modell Business relocation Econometric models Okubo, Toshihiro 1975- Verfasser (DE-588)131407805 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11650 (DE-604)BV002801238 11650 http://papers.nber.org/papers/w11650.pdf kostenfrei Volltext |
| spellingShingle | Baldwin, Richard E. Okubo, Toshihiro 1975- Heterogenous firms, agglomeration and economic geography spatial selection and sorting National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Business relocation Econometric models |
| title | Heterogenous firms, agglomeration and economic geography spatial selection and sorting |
| title_auth | Heterogenous firms, agglomeration and economic geography spatial selection and sorting |
| title_exact_search | Heterogenous firms, agglomeration and economic geography spatial selection and sorting |
| title_exact_search_txtP | Heterogenous firms, agglomeration and economic geography spatial selection and sorting |
| title_full | Heterogenous firms, agglomeration and economic geography spatial selection and sorting Richard Baldwin ; Toshihiro Okubo |
| title_fullStr | Heterogenous firms, agglomeration and economic geography spatial selection and sorting Richard Baldwin ; Toshihiro Okubo |
| title_full_unstemmed | Heterogenous firms, agglomeration and economic geography spatial selection and sorting Richard Baldwin ; Toshihiro Okubo |
| title_short | Heterogenous firms, agglomeration and economic geography |
| title_sort | heterogenous firms agglomeration and economic geography spatial selection and sorting |
| title_sub | spatial selection and sorting |
| topic | Ökonometrisches Modell Business relocation Econometric models |
| topic_facet | Ökonometrisches Modell Business relocation Econometric models |
| url | http://papers.nber.org/papers/w11650.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT baldwinricharde heterogenousfirmsagglomerationandeconomicgeographyspatialselectionandsorting AT okubotoshihiro heterogenousfirmsagglomerationandeconomicgeographyspatialselectionandsorting |