Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Business
Regional Industrial Structure And Agglomeration Economies: An Analysis Of Productivity In Three Manufacturing Industries, Joshua Drucker, Edward Feser
Regional Industrial Structure And Agglomeration Economies: An Analysis Of Productivity In Three Manufacturing Industries, Joshua Drucker, Edward Feser
Edward J Feser
We investigate whether a more concentrated regional industrial structure – the dominance of a few large firms in a given industry in a region – limits agglomeration economies and ultimately diminishes the economic performance of firms in that industry, especially small ones. In an application to three industries using establishment-level production functions and a combination of confidential and publicly available data sources, we find a consistently negative and substantial direct productivity effect associated with regional industrial structure concentration and only mixed and relatively weak evidence that agglomeration economies are a mediating factor in that effect.
U.S. Regional Economic Fragmentation & Integration: Selected Empirical Evidence And Implications, Edward J. Feser, Geoffrey Hewings
U.S. Regional Economic Fragmentation & Integration: Selected Empirical Evidence And Implications, Edward J. Feser, Geoffrey Hewings
Edward J Feser
The emergence of ten U.S. megaregions—increasingly contiguous spaces of high density development and population capturing a high share of U.S. economic activity—raises the question of appropriate scales for local, state and federal policy and how regional planning as a practice can adapt to an extended and, in some cases, almost continuous economic integration over space (RPA, 2006). Notions of cities as functional economic areas, more or less distinct spaces that operate as independent economic units, are less and less tenable as the basis for planning and policy making. At the same time, the megaregion phenomenon does not necessarily imply that …
Agglomeration, Enterprise Size, And Productivity, Edward J. Feser
Agglomeration, Enterprise Size, And Productivity, Edward J. Feser
Edward J Feser
Much research on agglomeration economies, and particularly recent work that builds on Marshall's concept of the industrial district, postulates that benefits derived from proximity between businesses are strongest for small enterprises. This paper investigates this hypothesis, examining the degree to which local business externalities differ in magnitude and type among large and small enterprises in two U.S. manufacturing sectors. A four factor micro-level production function with oft-cited sources of agglomeration economies (local input supply, labor pools, knowledge spillovers) modeled as technology parameters and dummy variables representing varying definitions of plant size (and type, i.e., single or multi establishment unit) are …