Agglomeration and Firm Performance

Agglomeration and Firm Performance
Author: Fiorenza Belussi
Publisher: Springer
Total Pages: 323
Release: 2018-08-10
Genre: Business & Economics
ISBN: 3319905759

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This contributed volume studies and explains the effect of agglomeration on a firm’s innovation and performance. It presents new cases as well as new topics within the agglomeration phenomenon, exploring also their role under the Great Recession. Beyond the analysis of regions or clusters, this volume focuses on firms within agglomerations and captures this phenomenon from different perspectives, contexts and diverse literatures. Specifically, it looks at the question under what circumstances exert generate benefits on firms’ performance, and how those gains are generated and distributed, usually asymmetrically, across agglomerated firms. In this context, the book addresses topics such as networks, collocation, labor mobility, firm’s strategies, innovation, competitiveness and collective actions across a diverse set of literatures, including economic geography, business economics, management, social networks, industrial districts, international business, sociology or industry dynamics.

Firms and Markets

Firms and Markets
Author: K. Tucker
Publisher: Routledge
Total Pages: 289
Release: 2018-01-12
Genre: Business & Economics
ISBN: 1351239651

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Industrial and business economics is a very important field with a great deal of relevance to the commercial world and to business studies students as well as to economists. It is a rapidly developing field in which many new research advances have been made in recent years. This book, first published in 1986, considers many aspects of both the theory of and the evidence on economic behaviour, and in particular the operations of firms and markets. The book was written in honour of Basil Yamey by his former research students.

Essays on International Trade and Factor Movements

Essays on International Trade and Factor Movements
Author: Greg C. Wright
Publisher:
Total Pages:
Release: 2011
Genre:
ISBN: 9781267029485

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The following collection of papers explores the increasing global mobility of production factors, with a particular focus on the impact of this mobility on U.S. workers. Each of the papers exploits detailed information on the types of production activities that U.S. workers engage in and investigates the relative vulnerability of workers to global forces due to the features of these activities. The first paper explores the impact of offshoring on U.S. workers. It is motivated by the fact that the potential for significant and ever-increasing productivity gains due to the offshoring of production tasks has recently been noted in the theoretical trade literature. In order to estimate the impact of offshoring on U.S. employment while accounting for these potential gains, the paper first extends the model of tasks offshoring introduced in Grossman and Rossi-Hansberg (2008) to a continuum of sectors with sector-level heterogeneity in the intensity of use of offshorable tasks. The model demonstrates that the effect of offshoring depends on the intensity of use of these tasks and, ultimately, impacts domestic employment through three channels: a direct employment effect, which negatively impacts employment; an output effect generated by the productivity gain from offshoring, which reorganizes and increases aggregate production in the economy and impacts domestic employment positively; and a substitution effect among factors and tasks, which has an ambiguous effect. In addition, the model predicts that the output effect may be increasing in the extent of previous offshoring under given conditions suggesting that, if these conditions hold, offshoring may be employment-enhancing in the long run. Using the model's structure as a roadmap and applying it to U.S. manufacturing sector data over 1997-2007, results from GMM 3SLS regressions provide overall support for the structure and predictions of the tasks model of offshoring. The second paper, joint with Giovanni Peri and Gianmarco Ottaviano, asks: how many "American jobs" have U.S.-born workers lost due to immigration and offshoring? Or, alternatively, is it possible that immigration and offshoring, by promoting cost-savings and enhanced efficiency in firms, have spurred the creation of jobs for U.S. natives? Again we consider a multi-sector version of the Grossman and Rossi-Hansberg (2008) model and we augment it to include immigrants with heterogeneous productivity in tasks. The model predicts that while cheaper offshoring reduces the share of natives among less skilled workers, cheaper immigration does not, but rather reduces the share of offshored jobs instead. Moreover, since both phenomena have a positive "cost-savings" effect they may leave unaffected, or even increase, total native employment of less skilled workers. Our model also predicts that offshoring will push natives toward jobs that are more intensive in communication-interactive skills and away from those that are manual and routine intensive. We test the predictions of the model and find evidence in favor of a positive productivity effect such that immigration has a positive net effect on native employment while offshoring has no effect on it. We also find some evidence that offshoring has pushed natives toward more communication-intensive tasks while it has pushed immigrants away from them. Lastly, the third paper explores the impact of domestic outsourcing in generating geographic concentration of production activities. This is motivated, first, by the fact that improvements in information and communications technologies increasingly facilitate the outsourcing of tasks by firms. Since the firm's choice of suppliers will depend on cost considerations, any task-specific productivity advantage in a location may lead to agglomeration, as firms choose to outsource their performance of that task to the most efficient workers. The paper focuses specifically on labor market spillovers as one such productivity advantage, and assesses empirically the importance of the search for spillovers in the outsourcing decisions of firms. The empirics are motivated via a probabilistic model of the firm's task location decision and are implemented with data on workers, tasks and domestic outsourcing by U.S. firms. The results suggest that increased outsourcing is associated with agglomeration, particularly of the most routine production tasks as well as those requiring minimal human interaction.

Firms and Workers in a Globalized World

Firms and Workers in a Globalized World
Author: Gianmarco I. P. Ottaviano
Publisher: World Scientific Studies in In
Total Pages: 0
Release: 2021
Genre: Business & Economics
ISBN: 9789811233388

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Globalization is a complex phenomenon involving the mobility of goods, capital, labour and ideas across country borders. From an economic point of view, two waves of globalization have been identified by scholars so far. The first wave materialized between the second half of the Nineteenth century and WWI; the second wave rose after WWII and gained momentum at the end of the Twentieth century before slowing down in the aftermath of the global financial crisis due to renewed protectionist pressures. This collection of essays studies the implications of this second wave of globalization for national economic performance. In doing so, it takes a bottom-up approach, building up the macroeconomic trajectories from the microeconomic effects of globalization on firms and workers. The collected essays highlight the asymmetry of responses across firms and workers between and within industries as well as territories, thus explaining the forces behind the emergence of 'winners' and 'losers' from globalization. The collection shows how state-of-the-art models of international economics and economic geography can be brought to life by addressing several topical issues in the public debate, ranging from regional growth and regional decline to international competition and creative destruction, from innovation patterns to cultural diversity and from immigration to offshoring.

A Handbook of International Trade in Services

A Handbook of International Trade in Services
Author: Aaditya Mattoo
Publisher: Oxford University Press
Total Pages: 675
Release: 2008
Genre: Business & Economics
ISBN: 019923521X

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This title provides a comprehensive introduction to the key issues in trade and liberalization of services. Providing a useful overview of the players involved, the barriers to trade, and case studies in a number of service industries, this is ideal for policymakers and students interested in trade.

Handbook of Regional and Urban Economics

Handbook of Regional and Urban Economics
Author: V. Henderson
Publisher: Elsevier
Total Pages: 1081
Release: 2004-07-21
Genre: Business & Economics
ISBN: 0080495125

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The new Handbook of Regional and Urban Economics: Cities and Geography reviews, synthesizes and extends the key developments in urban and regional economics and their strong connection to other recent developments in modern economics. Of particular interest is the development of the new economic geography and its incorporation along with innovations in industrial organization, endogenous growth, network theory and applied econometrics into urban and regional economics. The chapters cover theoretical developments concerning the forces of agglomeration, the nature of neighborhoods and human capital externalities, the foundations of systems of cities, the development of local political institutions, regional agglomerations and regional growth. Such massive progress in understanding the theory behind urban and regional phenomenon is consistent with on-going progress in the field since the late 1960’s. What is unprecedented are the developments on the empirical side: the development of a wide body of knowledge concerning the nature of urban externalities, city size distributions, urban sprawl, urban and regional trade, and regional convergence, as well as a body of knowledge on specific regions of the world—Europe, Asia and North America, both current and historical. The Handbook is a key reference piece for anyone wishing to understand the developments in the field.