Agglomeration, concentration, and misallocation

Aydın, Ahmet Yusuf.

Arşiv ve Dokümantasyon Merkezi Dijital Arşivi Ana Sayfası
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dc.contributor	Graduate Program in Economics.
dc.contributor.advisor	Çürük, Malik.
dc.contributor.author	Aydın, Ahmet Yusuf.
dc.date.accessioned	2023-03-16T12:00:11Z
dc.date.available	2023-03-16T12:00:11Z
dc.date.issued	2018.
dc.identifier.other	EC 2018 A84
dc.identifier.uri	http://digitalarchive.boun.edu.tr/handle/123456789/16316
dc.description.abstract	Misallocation may cause extensive productivity and output loss in sectors and coun tries. I use ﬁrm-level data for Spain to investigate the misallocation in Spain with a focus on the effect of agglomeration on allocative efﬁciency. I discover a negative relationship between agglomeration and allocative efﬁciency despite the higher pro ductivity in denser areas. I explain the negative effect of agglomeration on allocative efﬁciency with the higher price elasticity of substitution due to higher competition in agglomerated regions. High elasticity in large cities ampliﬁes the effect of existing idiosyncratic distortions on allocative efﬁciency. I test this argument using a monte carlo simulation of output loss due to misallocation. Finally, I document the low con centration and high competition in agglomerated regions with Herﬁndahl-Hirschman Index.
dc.format.extent	30 cm.
dc.publisher	Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in the Social Sciences, 2018.
dc.subject.lcsh	Resource-based communities -- Economic aspects -- Spain.
dc.title	Agglomeration, concentration, and misallocation
dc.format.pages	viii, 34 leaves ;