Marshall or Jacobs? Answers to an unsuitable question from an interaction model

Konferenzbeitrag

This paper investigates whether localization economies as brought forward by Marshall (1890) or urbanization economies as mentioned by Jacobs (1970) are more decisive for regional gross value added per capita. Our novel approach is to explicitly allow for interdependencies between these two theories and to take into account that the initial levels of specialization and diversification might play a role. We therefore deploy a model with interaction terms and find that these two theories are not mutually exclusive in most of our sectors. In addition, the empirical results show that the initial levels of specialization and diversification do matter as well.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: 52nd Congress of the European Regional Science Association: "Regions in Motion - Breaking the Path", 21-25 August 2012, Bratislava, Slovakia

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models ; Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure ; Economic Growth and Aggregate Productivity: General ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
• Subject: localization and urbanization economies ; interaction models ; regional gross valued added

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Lehmann, Robert ; Kluge, Jan
• Event: Veröffentlichung
• (who): European Regional Science Association (ERSA)
• (where): Louvain-la-Neuve
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/120543
• Last update: 10.03.2025, 11:44 AM CET