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Suppose you have access to firm-level data for a large sample of firms in the chemical industry in Houston, TX as well a

Posted: Wed Jul 06, 2022 6:18 pm
by answerhappygod
Suppose you have access to firm-level data for a large sample offirms in the chemical industry in Houston, TX as well as in LakeCharles, LA. Suppose also that your investigation of the data findsaverage costs to be lower in Houston compared to Lake Charles. Canyou conclude that Houston provides higher agglomerationexternalities than Lake Charles? Why / why not? Be specific andexplain thoroughly.
Diversity is increasingly prized in our society in a variety ofcontexts. Why does the business community also have a direct stakein supporting diverse cities? Thoroughly explain your answer in thecontext of the Duranton and Puga paper.