Technology, Agglomeration, and Regional Competition for Investment

Show simple item record Blonigen, Bruce A. (Bruce Aloysius) Kolpin, Van 2003-12-15T20:25:47Z 2003-12-15T20:25:47Z 2003-09-01
dc.description 25 p.
dc.description.abstract The active "courting" of firms by municipalities, regions, and even nations has a long-standing history and the competition for firm location through a wide variety of incentives seems to have escalated to new heights in recent years. We develop a model that explores technology development by firms that face regional competition for their investment and examine the endogenous determination of regions� policies, firm technology, and agglomeration externalities. In particular, we find that regional competition leads firms to inefficiently distort their development and selection of production technology in hopes of improving their standing in the competition amongst regions for their investment. This loss in efficiency is aggravated by the agglomeration externalities that are inherently present in many industries. We offer several case studies that provide evidence consistent with our theoretical conclusions. en
dc.format.extent 196218 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.publisher University of Oregon, Dept of Economics en
dc.relation.ispartofseries University of Oregon Economics Department Working Papers;2003-21
dc.subject Public economics en
dc.subject Local government en
dc.subject State government en
dc.subject Intergovernmental relations en
dc.subject State and local taxation en
dc.subject Subsidies en
dc.subject Revenue en
dc.subject Industrial organization en
dc.subject Firm objectives, organization and behavior en
dc.subject Organization of production en
dc.subject Microeconomics en
dc.subject Production and organization en
dc.subject Firm behavior en
dc.subject Economic development en
dc.subject Technological change en
dc.subject Innovation and invention en
dc.subject Technological innovations
dc.title Technology, Agglomeration, and Regional Competition for Investment en
dc.type Working Paper en

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