The course is divided in two parts.
- The first part is dedicated to localization theory and evidence. A first set of theories comes from Paul Krugman’s seminal contributions to the New Economic Geography (NEG) and provides an explanation of spatial clustering of economic activities based on familiar economic concepts, without any reference to innovation. A second set of theories, joint with related evidence, comes from several empirical contributions to the economics of innovation and stresses the role of innovation as an agglomeration.
- The second part of the course is dedicated to Multinational Enterprises (MNEs) and theirForeign Direct Investments (FDIs). Besides providing a definition and classification of MNEs, as well as a theory of their determinants and nature of FDIs, we will discuss their relationship with and impact on industrial agglomerations.
- Enseignant: Vincent Frigant
- Enseignant: Francesco Lissoni