Scale Economies and Industry Agglomeration Externalities: A Dynamic Cost Function Approach

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Donald S. Siegel; Catherine J. Morrison Paul;
  • Journal: American Economic Review,volume 89,issue 1 March,pages272-290
  • Related identifiers: doi: 10.1257/aer.89.1.272
  • Subject:
    • jel: jel:O47 | jel:E23

Scale economies and agglomeration externalities are alleged to be important determinants of economic growth. To assess these effects, the authors outline and estimate a microfoundations model based on a dynamic cost function specification. This model provides for the se... View more
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