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Unformatted text preview: Takes into account randomness o Dartboard effects: throw darts at dartboard with uniform probability. If few darts, then will get clumps by chance • If look at data on large geographic regions with aggregated industies (with lots of establishments) then not an issue. Specialization by Urbanization • Take counties and determine all counties within 30 miles (the neighborhood) • Calculate population in the neighborhood o Hudson County, NJ has 15.4 million in neighborhood o Loving County, Texas, has 67 people in neighborhood • Divide counties into density quartiles based on this measure o Four equal sized (in population) groups of counties Understanding the Location of Industry • Natural Advantage (or comparative advantage, Ricardian trade theory) • Scale economies and transportation cost o Concentrated market factor • Government Policy...
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- Spring '11
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- Accounting, Economics, Managerial Accounting, total employment, Hudson county, Economic Activity Measure, Loving County
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