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| Author: | Aiginger, K. Leitner, W. |
| Title: | Regional Concentration in the United States and Europe: Who Follows Whom? |
| Journal: | Weltwirtschaftliches Archiv
2002 : VOL. 138:4, p. 652-679 |
| Index terms: | INDUSTRIAL CONCENTRATION USA EUROPE ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | Most economists agree or assume that geographic concentration of economic activity is higher in the United States than in Europe. This "common knowledge" has raised the question as to whether European manufacturing would move towards a more concentrated regional pattern. The European Union has abolished trade barriers, has created a Single Market and finally a common currency. This paper investigates whether the "common knowledge" that regional concentration in Europe is lower than in the United States can indeed be expected, based upon the existing theoretical predictions, what empirical evidence is available so far, and whether the result can be supported by a new data set. Then the authors ask whether concentration is expected to increase and actually is increasing over time. |
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