A Note on the Efficiency Effects of Agglomeration Economies: Turkish Evidence

Kerim Arin, Tolga Omay and Deniz Timurçin ()
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Deniz Timurçin: Cankaya University, Turkey
Authors registered in the RePEc Author Service: Deniz Timurçin

Journal of Reviews on Global Economics, 2014, vol. 3, 186-189

Abstract: By using a very novel dataset from Turkish SMEs, this paper investigates the effects of agglomeration economies on productive and allocative efficiency. After controlling for unobserved heterogeneity at the time level, our empirical results from ordered panel probit models provide evidence that clusters have no statistically significant effect on productive efficiency but a negative effect on allocative efficiency. We also show that the increase in prices is not due to increased product differentiation; therefore, it is most likely due to collusion.

Keywords: SMEs; Cluster; Competitiveness; Productive and Allocative Efficiency; Ordered Panel Probit Models (search for similar items in EconPapers)
JEL-codes: C23 C24 D21 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:lif:jrgelg:v:3:y:2014:p:186-189

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