Industrial alliances and firm location behaviour: some evidence from the US semiconductor industry
This study uses a log-linear model in order to analyse data on interfirm strategic alliances within the US semiconductor industry. The findings suggest that although the finding that the intensity of information transaction between firms is directly associated with geographical proximity, this effect is much less localized than would be usually expected. The results cast doubt on much of the existing qualitative literature on the nature of agglomeration externalities.
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