Publications
Publications
- January 8, 2010
- Vox, CEPR Policy Portal
Multinational Firms, Agglomeration, and Global Networks
By: Laura Alfaro and Maggie Chen
Abstract
Agglomeration effects are important but difficult to measure. This column uses a new database with precise geographical information to investigate the locational interdependence of multinational firms. Knowledge spillovers and capital- and labour-market externalities exert a significant effect on the co-agglomeration of multinational headquarters, while input-output linkages also play a significant role in the case of subsidiary co-agglomeration.
Keywords
Geographic Location; Business Subsidiaries; Industry Clusters; Multinational Firms And Management; Network Effects
Citation
Alfaro, Laura, and Maggie Chen. "Multinational Firms, Agglomeration, and Global Networks." Vox, CEPR Policy Portal (January 8, 2010).
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