98302 hdl_2072_13171 oai:www.recercat.cat:2072/196041 The objective of this paper is to analyze why firms in some industries locate in specialized economic environments (localization economies) while those in other industries prefer large city locations (urbanization economies). To this end, we examine the location decisions of new manufacturing firms in Spain at the city level and for narrowly defined industries (three-digit level). First, we estimate firm location models to obtain estimates that reflect the importance of localization and urbanization economies in each industry. In a second step, we regress these estimates on industry characteristics that are related to the potential importance of three agglomeration theories, namely, labor market pooling, input sharing and knowledge spillovers. Localization effects are low and urbanization effects are high in knowledge-intensive industries, suggesting that firms (partly) locate in large cities to reap the benefits of inter-industry knowledge spillovers. We also find that localization effects are high in industries that employ workers whose skills are more industry-specific, suggesting that industries (partly) locate in specialized economic environments to share a common pool of specialized workers. eng Marín-López, Raquel Jofre Monseny, Jordi Viladecans Marsal, Elisabet Xarxa de Referència en Economia Aplicada (XREAP) Xarxa de Referència en Economia Aplicada (XREAP) 2012 What underlies localization and urbanization economies? Evidence from the location of new firms 44 p. L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by/3.0/es/ info:eu-repo/semantics/openAccess 332 Localització industrial Creació d'empreses Concentració industrial Industrial location New business enterprises Industrial concentration info:eu-repo/semantics/workingPaper XREAP ; 2012-08 http://ddd.uab.cat/pub/estudis/2012/hdl_2072_196041/XREAP2012-08.pdf 393803 44 Adreça alternativa http://hdl.handle.net/2072/196041 ESTUDIS UAB driver oai:ddd.uab.cat:98302