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the determinants of localization and urbanization economies: evidence from the location of new firms inspain
时间:2017-04-14

【摘要】The objective of this paper is to analyze why firms in some industries locate in special-ized economic environments (localization economies) while those in other industries prefer large citylocations (urbanization economies). To this end, we examine the location decisions of new manufactur-ing firms in Spain at the city level and for narrowly defined industries. First, we estimate firm locationmodels to obtain estimates that reflect the importance of localization and urbanization economies ineach industry. Then, we regress these estimates on industry characteristics related to the potentialimportance of labor market pooling, input sharing, and knowledge spillovers. Urbanization effects arehigh in knowledge-intensive industries, suggesting that firms locate in large cities to benefit fromknowledge spillovers. We also find that localization effects are high in industries that employ work-ers whose skills are more industry-specific, suggesting that industries locate in specialized economicenvironments to share a common pool of specialized workers.

【文献来源】 Larsson J P;oner o. Annals of regional Science.2014(2)