Proximity and economic activity: An analysis of vendor-university transactions

Nathan Goldschlag, Julia Lane, Bruce A. Weinberg, Nikolas Zolas

Research output: Contribution to journalArticlepeer-review

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 languageEnglish (US)
Pages (from-to)163-182
Number of pages20
JournalJournal of Regional Science
Volume59
Issue number1
DOIs
StatePublished - Jan 2019

Keywords

  • UMETRICS
  • geographic research clusters
  • regional economic activity
  • transaction data

ASJC Scopus subject areas

  • Development
  • Environmental Science (miscellaneous)

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