EMPIRICAL ANALYSIS OF OFFICE RENT AND AGGLOMERATION ECONOMIES: A CASE STUDY OF TORONTO*
在多伦多都会区检验了一个办公区位均衡模型，该模型聚焦企业间沟通对空间集聚的驱动作用，通过拟合各区域办公租金来估计集聚经济价值，发现办公部门的集聚效应远大于制造业。
ABSTRACT. An equilibrium model of office location is applied and tested in the Toronto metropolitan area. The model focuses on the role of communication among firms which is the driving force behind the spatial agglomeration of office firms. The model calculates the equilibrium floor rent in each district, given the existing building stock. The performance of the model is tested in terms of the goodness of fit between observed and estimated office rent in each district. By using the model, we estimate the value of agglomeration economies which is defined as changes in productivities caused by increases in the number of office firms. It is shown that the agglomeration economies in the office sector are much larger than those in manufacturing, and the external effects of agglomeration are considerably large.