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Agglomeration Economies and Productivity
Hans Koster
Jos N. van Ommeren
Piet Rietveld(Deceased)
其他書名
A Structural Estimation Approach Using Commercial Rents
出版
SSRN
, 2013
URL
http://books.google.com.hk/books?id=TdvbzwEACAAJ&hl=&source=gbs_api
註釋
We gain more insight into the heterogeneity in firms' productivity regarding agglomeration economies. Given a production function that allows for input factor substitution, we identify ratios of firm-specific production parameters employing a hedonic price approach. We use unique microdata of commercial rents and firm characteristics, and employ semiparametric estimation techniques. The results show that agglomeration economies capitalize in commercial rents. Nevertheless, expenditure on agglomeration is in general limited: for example, it is on average only 5.3% of expenditure on office floor space. It is much higher in some sectors: for retail firms, it is about 20% of the expenditure on floor space.
