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'New' new economic geography: firm heterogeneity and agglomeration economies

✍ Scribed by Ottaviano, Gianmarco I.P. (author)

Book ID
115313713
Publisher
Oxford University Press
Year
2010
Tongue
English
Weight
98 KB
Volume
11
Category
Article
ISSN
1468-2702

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An overlooked aspect of agglomeration economies, which are positive externalities that stem from the geographic clustering of industry, is that firms contribute to the externality in addition to benefiting from the externality. This insight suggests that if firms are heterogeneous they will differ i