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
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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
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Objekttyp
- Arbeitspapier
Beteiligte
- Koster, Hans
- van Ommeren, Jos N.
- Rietveld, Piet
- Tinbergen Institute
Entstanden
- 2011