Arbeitspapier

Geographic Concentration of Business Services Firms: A Poisson Sorting Model

This paper examines the effects of specialisation (within-sector clustering) and diversity (between-sector clustering) on business services profitability and location choice. We apply a semiparametric Poisson sorting model allowing for firm-specific effects. We find that for most firms, profitability of business services firms is substantially higher close to specialised clusters of business services firms. A standard deviation increase in business services specialisation leads to on average a 40 percent increase in the probability that a business services firm locates there, supporting theories of Marshall, Arrow and Romer. It is also profitable for most business services firms to locate near a group of firms that belong to the same sector, not necessarily business services firms, so diversity is negatively related to location decisions. Almost all firms either benefit from within-sector clustering or between-sector clustering. Within-sector clusters are particularly profitable for large mature firms, whereas between-sector clusters are relatively more profitable for smaller innovative firms.

Sprache
Englisch

Erschienen in
Series: Tinbergen Institute Discussion Paper ; No. 11-085/3

Klassifikation
Wirtschaft
Size and Spatial Distributions of Regional Economic Activity
Land Use Patterns
Real Estate Markets, Spatial Production Analysis, and Firm Location: Other
Thema
Sorting
Agglomeration Economies
Specialisation
Diversity
Heterogeneity
Semiparametric Estimation
Regionales Cluster
Dienstleistungssektor
Betriebliche Standortwahl
Regionalökonomik

Ereignis
Geistige Schöpfung
(wer)
Koster, Hans
van Ommeren, Jos N.
Rietveld, Piet
Ereignis
Veröffentlichung
(wer)
Tinbergen Institute
(wo)
Amsterdam and Rotterdam
(wann)
2011

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Koster, Hans
  • van Ommeren, Jos N.
  • Rietveld, Piet
  • Tinbergen Institute

Entstanden

  • 2011

Ähnliche Objekte (12)