AGGLOMERATION BENEFITS AND LOCATION CHOICE - EVIDENCE FROM JAPANESE MANUFACTURING INVESTMENTS IN THE UNITED-STATES

• 成果类型: Article
• 署名作者: HEAD, K; RIES, J; SWENSON, D
• 署名单位: University of British Columbia; University of California System; University of California Davis
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/0022-1996(94)01351-R
• 发表日期: 1995
• 页码: 223-247
• 关键词: agglomeration; Foreign direct investment

摘要

Recent theories of economic geography suggest that firms in the same industry may be drawn to the same locations because proximity generates positive externalities or 'agglomeration effects'. Under this view, chance events and government inducements can have a lasting influence on the geographical pattern of manufacturing. However, most evidence on the causes and magnitude of industry localization has been based on stories, rather than statistics. This paper examines the location choices of 751 Japanese manufacturing plants built in the United States since 1980. Conditional logit estimates support the hypothesis that industry-level agglomeration benefits play an important role in location decisions.