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IR11-012_Artis-Miguelez.pdf (614.16 KB)

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Working paper

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2011

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cc-by-nc-nd, (c) Artis et al., 2011
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/58518

Assessing agglomeration economies in a spatial framework with endogenous regressors (2011)

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Abstract

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 for endogeneity, spatial autocorrelation and heteroscedasticity at the same time. Our results suggest that gglomeration 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.

Subject

Productivitat, Localització industrial, Correlació (Estadística)

Subject (English)

Productivity, Industrial location, Correlation (Statistics)

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Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))
Documents de treball / Informes (Econometria, Estadística i Economia Aplicada)

Citation

ARTIS, Michael J., MIGUÉLEZ, Ernest and MORENO SERRANO, Rosina. Assessing agglomeration economies in a spatial framework with endogenous regressors (2011). IREA – Working Papers. 2011. Vol.  IR11/12. ISSN 2014-1254. [consulted: 7 of August of 2026]. Available at: https://hdl.handle.net/2445/58518

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