Abstract
This paper uses transaction-based data to provide new insights into the link between the geographic proximity of businesses and associated economic activity. It develops two new measures of, and a set of stylized facts about, the distances between observed transactions between customers and vendors for a research intensive sector. Spending on research inputs is more likely with businesses physically closer to universities than those further away. Firms supplying a university project in one year are more likely to subsequently open an establishment near that university. Vendors who have supplied a project, are subsequently more likely to be a vendor on the same or related project.
Original language | English (US) |
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Pages (from-to) | 163-182 |
Number of pages | 20 |
Journal | Journal of Regional Science |
Volume | 59 |
Issue number | 1 |
DOIs | |
State | Published - Jan 2019 |
Keywords
- UMETRICS
- geographic research clusters
- regional economic activity
- transaction data
ASJC Scopus subject areas
- Development
- Environmental Science (miscellaneous)