Abstract
This study examines the impact of external economies of urbanization on the elasticity of substitution. The study covers 19 two digit SIC level industries in 47 SMSAs in the United States. The findings show that the elasticity of substitution is significantly related to the urbanization economies in half of the industries. The results confirm the relationship between economic diversity and growth of urban centers and technological innovation.
| Original language | American English |
|---|---|
| Pages (from-to) | 7-11 |
| Number of pages | 5 |
| Journal | Allied Academies International Conference: Proceedings of The International Academy for Economics and Economic Education |
| Volume | 16 |
| Issue number | 1 |
| State | Published - Mar 2013 |
| Event | The International Academy for Economics and Economic Education - New Orleans, United States Duration: Mar 27 2013 → Mar 29 2013 |