Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings

• 成果类型: Article
• 署名作者: Greenstone, Michael; Hornbeck, Richard; Moretti, Enrico
• 署名单位: Massachusetts Institute of Technology (MIT); Harvard University; University of California System; University of California Berkeley
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/653714
• 发表日期: 2010
• 页码: 536-598
• 关键词: geographic concentration; PRODUCTIVITY; education; returns

摘要

We quantify agglomeration spillovers by comparing changes in total factor productivity (TFP) among incumbent plants in winning counties that attracted a large manufacturing plant and losing counties that were the new plant's runner-up choice. Winning and losing counties have similar trends in TFP prior to the new plant opening. Five years after the opening, incumbent plants' TFP is 12 percent higher in winning counties. This productivity spillover is larger for plants sharing similar labor and technology pools with the new plant. Consistent with spatial equilibrium models, labor costs increase in winning counties, indicating that profits ultimately increase less than productivity.