search query: @indexterm INDUSTRIAL DEVELOPMENT / total: 454
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| Author: | Henderson, V. |
| Title: | Externalities and industrial development |
| Journal: | Journal of Urban Economics
1997 : NOV, VOL. 42:3, p. 449-470 |
| Index terms: | EXTERNALITIES INDUSTRIAL DEVELOPMENT URBAN AREAS |
| Language: | eng |
| Abstract: | Using panel data for five capital goods industries, this paper estimates dynamic externalities. In contrast to previous studies, panel data allow separation of externalities from fixed effects and identification of a lag structure. The author finds strong evidence of Marshall-Arrow-Romer (own industry, or localization) externalities. For Jacobs (urbanization) externalities effects are smaller. |
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