Autori
Lv, Daguo
Zhang, Lingyu
Lu, Ren
Yao, Jingtao

Titolo
Industry characteristics and agglomeration of heterogeneous firms
Periodico
Economia e politica industriale
Anno: 2022 - Volume: 49 - Fascicolo: 1 - Pagina iniziale: 31 - Pagina finale: 49

In this paper, we study the impact of two industry characteristics—relocation cost and market competition—on the location choice of firms with productivity heterogeneity between large market and small market. We find that only in industries with high relocation costs or fierce market competition, large markets are more attractive to high-productivity firms. We use Chinese firm data to test the predictions of the theoretical model, and the empirical results are consistent with the conclusions of the theoretical model.



SICI: 0391-2078(2022)49:1<31:ICAAOH>2.0.ZU;2-V

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