| Author | dc.contributor.author | Quiroga Suazo, Miguel Angel | |
| Admission date | dc.date.accessioned | 2010-12-14T19:25:11Z | |
| Available date | dc.date.available | 2010-12-14T19:25:11Z | |
| Publication date | dc.date.issued | 2002-06 | |
| Cita de ítem | dc.identifier.citation | Estudios de economía. Vol.29 No. 1 Junio 2002 Pags. 139-163 | en_US |
| Identifier | dc.identifier.uri | https://repositorio.uchile.cl/handle/2250/127828 | |
| Abstract | dc.description.abstract | The purpose of this work is to empirically study the importance of agglomeration
economies in the selection of geographical zones in which foreign investors
are willing to develop their investment projects in Chile.
For this purpose a discrete choice model, the conditional logit model (CLM),
first proposed by McFadden (1974), was used in this study and the application
of the IIA test proposed by Hausman and McFadden (1984) is reported. Furthermore,
the use of a less restrictive model is proposed. The main advantage of
this latter model is that it allows the variances of the random components to be
different across alternatives, that is to say it is a Heteroscedastic Extreme Value
Model (HEVM).
The results suggest that agglomeration economies significantly influence the
selection of the geographical zone in which the investment is to be located. The
results are robust to different specifications of the model. Furthermore, the IIA
assumption seems to be appropriate and the result of the HEVM is not significantly
different of the CLM. | en_US |
| Lenguage | dc.language.iso | en | en_US |
| Publisher | dc.publisher | Universidad de Chile. Facultad de Economía y Negocios | en_US |
| Keywords | dc.subject | Localization | en_US |
| Título | dc.title | Agglomeration economies: influence on the distribution of foreing investment in Chile | en_US |
| Document type | dc.type | Artículo de revista | |
