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Marshall's scale economies

Henderson, J. Vernon (2003) Marshall's scale economies. Journal of Urban Economics, 53 (1). pp. 1-28. ISSN 0094-1190

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Identification Number: 10.1016/S0094-1190(02)00505-3

Abstract

Using panel data this paper estimates plant level production functions for machinery and high-tech industries that allow for scale externalities from other plants in the same industry locally and from the scale or diversity of local economic activity outside the own industry. The paper finds that the count of other own industry plants, representing a count of local information spillover sources, has strong productivity effects in high tech but not machinery industries. Single plant firms both benefit more from and generate greater external benefits than corporate plants, given their greater reliance on external environments. On dynamic externalities, high-tech single plant firms benefit also from the scale of past own industry activity. I find little evidence of economies from the diversity or scale of local economic activity outside the own industry.

Item Type: Article
Official URL: http://www.sciencedirect.com/science/journal/00941...
Additional Information: © 2002 Elsevier Science (USA)
Divisions: Geography & Environment
Subjects: G Geography. Anthropology. Recreation > G Geography (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
JEL classification: L - Industrial Organization > L6 - Industry Studies: Manufacturing > L60 - General
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O30 - General
R - Urban, Rural, and Regional Economics > R0 - General > R00 - General
Sets: Departments > Geography and Environment
Collections > Economists Online
Date Deposited: 11 Sep 2013 09:12
Last Modified: 20 Oct 2019 00:54
URI: http://eprints.lse.ac.uk/id/eprint/52074

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