Erschienen in:FRB Richmond Working Paper ; No. 13-04R
Umfang:
1 Online-Ressource (40 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.2251468
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 2015 erstellt
Beschreibung:
Taking the early U.S. automobile industry as an example, we evaluate four competing hypotheses on regional industry agglomeration: intra-industry local externalities,inter-industry local externalities, employee spinouts, and location fixed-effects. Our findings suggest that spillovers from the precedent industry (carriage and wagon in the case of automobile) play an important role. Spinouts play a secondary role and may work as a special type of intra-industry spillovers. The presence of other firms in the same industry has a negligible (or even negative) effect. Finally, local inputs account for some agglomeration in the short run, but the effects are much more profound in the long run