Explaining Local Manufacturing Growth in Chile : The Advantages of Sectoral Diversity

This article investigates whether the agglomeration of economic activity in regional clusters affects long-run manufacturing Total Factor Productivity (TFP) growth in an emerging market context. We explore a large firm-level panel dataset for Chile during a period characterized by high growth rates...

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Main Authors:	Almeida, Rita, Fernandes, Ana M.
Format:	Journal Article
Language:	en_US
Published:	Taylor and Francis 2013
Subjects:	agglomeration economies local growth knowledge spillovers total factor productivity growth
Online Access:	http://hdl.handle.net/10986/13352

id	okr-10986-13352
recordtype	oai_dc
spelling	okr-10986-133522021-04-23T14:03:08Z Explaining Local Manufacturing Growth in Chile : The Advantages of Sectoral Diversity Almeida, Rita Fernandes, Ana M. agglomeration economies local growth knowledge spillovers total factor productivity growth This article investigates whether the agglomeration of economic activity in regional clusters affects long-run manufacturing Total Factor Productivity (TFP) growth in an emerging market context. We explore a large firm-level panel dataset for Chile during a period characterized by high growth rates and rising regional income inequality (1992–2004). Our findings are clear-cut. Locations with greater concentration of a particular sector have not experienced faster TFP growth during this period. Rather, local sector diversity was associated with higher long-run TFP growth. However, there is no evidence that the diversity effect was driven by the local interaction with a set of suppliers and/or clients. We interpret this as evidence that agglomeration economies are driven by other factors such as the sharing of access to specialized inputs not provided solely by a single sector, e.g. skills or financing. 2013-05-09T19:19:25Z 2013-05-09T19:19:25Z 2012-04-05 Journal Article Applied Economics 0003-6846 http://hdl.handle.net/10986/13352 en_US Applied Economics;45(16) http://creativecommons.org/licenses/by-nc-nd/3.0/igo CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Taylor and Francis Journal Article Chile
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	agglomeration economies local growth knowledge spillovers total factor productivity growth
spellingShingle	agglomeration economies local growth knowledge spillovers total factor productivity growth Almeida, Rita Fernandes, Ana M. Explaining Local Manufacturing Growth in Chile : The Advantages of Sectoral Diversity
geographic_facet	Chile
relation	Applied Economics;45(16)
description	This article investigates whether the agglomeration of economic activity in regional clusters affects long-run manufacturing Total Factor Productivity (TFP) growth in an emerging market context. We explore a large firm-level panel dataset for Chile during a period characterized by high growth rates and rising regional income inequality (1992–2004). Our findings are clear-cut. Locations with greater concentration of a particular sector have not experienced faster TFP growth during this period. Rather, local sector diversity was associated with higher long-run TFP growth. However, there is no evidence that the diversity effect was driven by the local interaction with a set of suppliers and/or clients. We interpret this as evidence that agglomeration economies are driven by other factors such as the sharing of access to specialized inputs not provided solely by a single sector, e.g. skills or financing.
format	Journal Article
author	Almeida, Rita Fernandes, Ana M.
author_facet	Almeida, Rita Fernandes, Ana M.
author_sort	Almeida, Rita
title	Explaining Local Manufacturing Growth in Chile : The Advantages of Sectoral Diversity
title_short	Explaining Local Manufacturing Growth in Chile : The Advantages of Sectoral Diversity
title_full	Explaining Local Manufacturing Growth in Chile : The Advantages of Sectoral Diversity
title_fullStr	Explaining Local Manufacturing Growth in Chile : The Advantages of Sectoral Diversity
title_full_unstemmed	Explaining Local Manufacturing Growth in Chile : The Advantages of Sectoral Diversity
title_sort	explaining local manufacturing growth in chile : the advantages of sectoral diversity
publisher	Taylor and Francis
publishDate	2013
url	http://hdl.handle.net/10986/13352
_version_	1764423275247566848

Explaining Local Manufacturing Growth in Chile : The Advantages of Sectoral Diversity

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