The Effect of Knowledge Spillover on Agglomeration in Metropolitan Areas
2
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
This paper examines how knowledge spillovers of a metropolitan area affect location choice. Based on a location differentiation model, we explain the effect of knowledge spillovers on industrial district locations and suggest knowledge spillovers as an important source of agglomeration in metropolitan areas. We find that as the transportation cost is lowered, agglomeration forces are intensified — both in social optimum and competitive outcome. We also find that the competitive outcome is more differentiated than the socially optimal outcome. Since allowing competitive industrial district developers to determine district locations results in suboptimal outcomes, government intervention in district development projects could improve social welfare. This study mainly focused on the economic efficiency in industrial district location, so it may need to be extended to consider the issues of balanced regional development or political incentives to appeal the constituents of less developed areas.
Abstract
This paper examines how knowledge spillovers of a metropolitan area affect location choice. Based on a location differentiation model, we explain the effect of knowledge spillovers on industrial district locations and suggest knowledge spillovers as an important source of agglomeration in metropolitan areas. We find that as the transportation cost is lowered, agglomeration forces are intensified — both in social optimum and competitive outcome. We also find that the competitive outcome is more differentiated than the socially optimal outcome. Since allowing competitive industrial district developers to determine district locations results in suboptimal outcomes, government intervention in district development projects could improve social welfare. This study mainly focused on the economic efficiency in industrial district location, so it may need to be extended to consider the issues of balanced regional development or political incentives to appeal the constituents of less developed areas.
참고문헌 (26)
- Aiura, H., "Welfare Properties of Spatial Competition with Location-dependent Costs", Regional Science and Urban Economics, 38(1), pp.32~48 (2008)
- Beaudry, C., "Who’s Right, Marshall or Jacobs? The Localization versus Urbanization Debate", Research Policy, 38(2), pp.318~337 (2009)
- D’Aspremont, C., "On Hotelling’s Stability in Competition", Econometrica, 47(5), pp.1145~1150 (1979)
- Duranton, G., "Nursery Cities: Urban Diversity, Process Innovation, and the Life‐Cycle of Products", American Economic Review, 91(5), pp.1454~1475 (2001)
- Fujita, M., "Agglomeration and Market Interaction, In Advances in Economics and Econometrics 1", pp.302~338 (2003), Cambridge University Press
- Fujita, M, "Global Location Behavior and Organization Dynamics of Japanese Electronics Firms and Their Impact on Regional Economies, In The Dynamic Firm, The Role of Technology, Strategy, Organization and Regions", pp.343~383 (1998), Oxford University Press
- Gaspar, J., "Information Technology and the Future of Cities", Journal of Urban Economics, 43(1), pp.136~156 (1998)
- Gottman, J., "Megalopolis and Antipolis: The Telephone and the Structure of the City, In The Social Impact of the Telephone", pp.303~317 (1977), MIT Press
- Agglomeration Economies and Transport Investment, "Graham, D. J.", ~, pp.OECD Joint Transport Research Center Discussion Paper, No. 2007-2011 (2007)
- Han, Y., "An Innovative Approach to the Two Stage Transportation Problem based on the Cooperative Coevolutionary Algorithm", The Journal of Industrial Innovation, 25(4), pp.227~251 (2009)
- Henderson, V., "The New Urban Landscape: Developers and Edge Cities", Regional Science and Urban Economics, 26(6), pp.613~643 (1996)
- Hotelling, H., "Stability in Competition", Economic Journal, 39(153), pp.41~57 (1929)
- Huber, P., "New York, Capital of the Information Age", City Journal, 5(Winter), pp.12~22 (1995)
- Jacobs, J., "The Economies of Cities" (1969), Random House
- 김승년, "LOCATION DIFFERENTIATION OF HOUSING MARKET IN THE PRESENCE OF A UNANIMOUS CHARACTERISTIC", The Korean Economic Review, 23(2), pp.353~377 (2007), 한국경제학회
- Knoke, K., "Bold New World: The Essential Road Map to the Twenty First Century" (1996), Kodansha
- Kwon, J., "A Study on Accumulative Tendency of the Knowledge-based Service Industries and Factors", The Journal of Industrial Innovation, 23(2), pp.45~62 (2007)
- Marshall, A., "Principles of Economics" (1890), MacMillan
- Naisbitt, R., "The Global Paradox" (1995), Avon Books
- Negroponte, N., "Being Digital" (1995), Vintage Books
- Park, S., "An Economic Ripple Effect analysis of Knowledge Service Industry", The Journal of Industrial Innovation, 26(3), pp.65~87 (2010)
- Piga, C., "Endogenous R&D Spillovers and Locational Choice", Regional Science and Urban Economics, 35(2), pp.127~139 (2005)
- Saxenian, A., "Regional Advantage" (1993), Harvard University Press
- Toffler, A., "The Third Wave" (1980), Bantam Books
- Venables, A. J., "Evaluating Urban Transport Improvements: Cost‐benefit Analysis in the Presence of Agglomeration and Income Taxation", Journal of Transport Economics and Policy, 41(2), pp.173~188 (2007)
- Vernon, R., "External Economics, In Reading in Urban Economics" (1972), Macmillan