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摘要
En 中文
To account for the uneven distribution of economic activity in space, I propose a theory of the location choices of heterogeneous firms in a variety of sectors across cities. In equilibrium, the distribution of city sizes and the sorting patterns of firms are uniquely determined and affect aggregate TFP and welfare. I estimate the model using French firm-level data and find that nearly half of the productivity advantage of large cities is due to firm sorting, the rest coming from agglomeration economies. I quantify the general equilibrium effects of place-based policies: policies that subsidize smaller cities have negative aggregate effects.
Keyword:
HETEROGENEOUS FIRMS
LIFE-CYCLE
CITIES
SELECTION
TRADE
PRODUCTIVITY
INEQUALITY
EFFICIENCY
CLUSTERS
ECONOMY
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期刊
IF:
11.6
论文数:
5.0K
被引数:
7.5W
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收藏Assessing the Incidence and Efficiency of a Prominent Place Based Policy评估基于突出位置的政策的发生率和效率AMERICAN ECONOMIC REVIEW
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