Technology, Agglomeration, and Regional Competition for Investment

Show simple item record Blonigen, Bruce A. (Bruce Aloysius) Kolpin, Van 2003-08-13 2003-08-13 2001-06-01
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 research and development efforts 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 0 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;2001-10
dc.subject Public economics en
dc.subject State and local government en
dc.subject State and local taxation, subsidies, and revenue en
dc.subject Industrial organization en
dc.subject Microeconomics en
dc.subject Technological change en
dc.subject Firm behavior en
dc.subject Innovation and invention (Processes and incentives) en
dc.subject Intergovernmental relations en
dc.subject Technological innovations
dc.title Technology, Agglomeration, and Regional Competition for Investment en
dc.type Working Paper en

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