Agglomeration economies with consistent productivity estimates

@inproceedings{Ehrl2013AgglomerationEW,
  title={Agglomeration economies with consistent productivity estimates},
  author={Philipp Ehrl},
  year={2013}
}
This paper investigates the relative impact of microeconomic agglomeration mechanisms on plant's total factor productivity (TFP) using German establishment and employment-level data. Contrasting different strategies for estimating TFP from plant-level production functions reveals that unobserved output prices bias true productivity and lead to underestimated agglomeration economies. With the corrected TFP measure, the largest impact is found for labor market pooling, which is captured by the… CONTINUE READING
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