Do Agglomeration Economies Reduce the Sensitivity of Firm Location to Tax Differentials?
نویسندگان
چکیده
منابع مشابه
Location Strategies for Agglomeration Economies
Geographically concentrated industry activity creates pools of skilled labor and specialized suppliers, and increases opportunities for knowledge spillovers. The strategic value of these agglomeration economies may vary by firm, depending upon the relative value of each economy, and upon firm and agglomeration economy traits. To better determine when a firm will be attracted to agglomeration ec...
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Multinationals exhibit distinct agglomeration patterns which have transformed the global landscape of industrial production (Alfaro and Chen, 2014). Using a unique worldwide plant-level dataset that reports detailed location, ownership, and operation information for plants in over 100 countries, we construct a spatially continuous index of pairwise-industry agglomeration and investigate the pat...
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This paper models the competition among jurisdictions for two firms in the same industry as a sequential auction. Before choosing a site, the firms solicit fiscal incentives from jurisdictions. In the presence of agglomeration economies, winning the first location contest makes a region more attractive for subsequent firms. The first firm receives a higher recruitment subsidy and the second fir...
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This paper outlines a dynamic model of firm location choice, in an environment which includes both agglomeration effects and stochastic productivity shocks. The model follows closely the methods of Hopenhayn (1992) and his treatment of firm level entry and exit decisions. However, this model adds the complexity of a second location, as well as the existence of spillover effects, or agglomeratio...
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Tax competition for a mobile factor is different in ‘new economic geography settings’ compared to standard tax competition models. The agglomeration rent which accrues to the mobile factor in the core region can be taxed. Moreover, a tax differential between the core and the periphery can be maintained. The present paper reexamines this issue in a setting which, in addition to the core-peripher...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 2012
ISSN: 0013-0133,1468-0297
DOI: 10.1111/j.1468-0297.2012.02511.x