Market access and wages: A spatially heterogeneous approach

Paredes, Dusan; Iturra, Victor

doi:10.1016/j.econlet.2012.03.022

Cited by 6 publications

(3 citation statements)

References 16 publications

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“…Since the arrival of large flows of FDI in the 1990s and during the boom cycle that started at the beginning of this century, Antofagasta has been among the regions with the highest per capita GDP in Chile. Furthermore, the income of entrepreneurs and the wages of employees in the mining industry are far above the country's average (Paredes and Iturra, 2012;Paredes, 2013). Mining booms have historically been the origin of some local fortunes, which in many cases fled out to Santiago.…”

Section: Antofagasta: Access To Capital Opportunities In a Resource Peripherymentioning

confidence: 99%

“…During the recent boom cycle, local income has significantly increased. In fact, the wages of entrepreneurs and employees related to mining are far above the country average (Paredes and Iturra, 2012;Paredes, 2013). Consequently, there seems to be a critical mass of people with investing capacity that, as we will show, nowadays invest basically in real estate and traditional financial instruments.…”

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confidence: 92%

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Who wants to be an angel investor? The characteristics of the high net worth individuals in the Chilean resource periphery

Romaní

Atienza²,

Campos³

et al. 2018

ARLA

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Purpose The purpose of this paper is to identify and analyse the characteristics of high net worth individuals (HNWI) as potential angel investor in Antofagasta, the main mining resource periphery in Chile. Design/methodology/approach Using the resource periphery approach and angel investing, the authors apply a survey to a sample of 37 HNWI in this region. The data collected were analysed using descriptive statistics. Findings Descriptive results show that the characteristics of these individuals do not significantly differ from those exhibited by angel investors in developed countries and that HNWI show a relative high willingness to become angels and to form a network. Research limitations/implications This paper has some limitations regarding the size and scope of the sample. It is a relatively short sample that does not allow to make more sophisticated analysis and it is only regional and, therefore, it is not possible to make a comparison at a national level. Practical implications From the perspective the design of policies and programmes oriented towards the promotion of a high potential start-ups in resources peripheries, it is essential to know what the characteristics of HNWI are and their propensity to become angel investors. Originality/value Research on angel investment has been traditionally based on the experience of core regions in developed countries. This type of funding source, however, can play a significant role in the promotion of development and diversification in resource peripheries due to the limited access that these areas have to traditional capital funds and the orientation of angel investment towards innovative ventures, but studies from this perspective are very scarce. In this sense, this paper is pioneer in this topic in peripheral regions.

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Section: Antofagasta: Access To Capital Opportunities In a Resource Peripherymentioning

confidence: 99%

mentioning

confidence: 92%

Who wants to be an angel investor? The characteristics of the high net worth individuals in the Chilean resource periphery

Romaní

Atienza²,

Campos³

et al. 2018

ARLA

View full text Add to dashboard Cite

show abstract

“…Due to these singular characteristics of Chile, some studies have used both the SEM and the new economic geography models to understand spatial differences in Chile (Paredes & Iturra ; Paredes ), however, addressing the relative importance of amenities to both workers and firms, remains as a pending task, and consequently, further empirical analysis is required, which is the aim of this research.…”

Section: Chilean Contextmentioning

confidence: 99%

Amenity Decomposition: The Role Played by Firms and Workers in Explaining Spatial Wage Differences in Chile

Iturra

2018

Tijd voor Econ & Soc Geog

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It is well established in the literature that amenities are important in affecting regional patterns by influencing both workers' and firms' location decisions. Using the seminal contribution made by Beeson and Eberts, this study performs a wage change decomposition into amenity (workers) and productivity (firms) components. The results reveal that firms are more significant when explaining high average wage regions in Chile, since they derive more benefits from agglomeration economies and natural resources. Finally, the results also confirm how important agglomeration economies are in developing countries.

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Market versus public provision of local goods: An analysis of amenity capitalization within the Metropolitan Region of Santiago de Chile

Cortés

Iturra

2019

Cities

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Market access and wages: A spatially heterogeneous approach

Abstract: We empirically test the positive relationship between market access and wages stated by New Economic Geography. Contrary to most estimation in other countries, we find evidence of significant spatial heterogeneity of this elasticity across Chilean communities.

Cited by 6 publications

References 16 publications

Who wants to be an angel investor? The characteristics of the high net worth individuals in the Chilean resource periphery

Who wants to be an angel investor? The characteristics of the high net worth individuals in the Chilean resource periphery

Amenity Decomposition: The Role Played by Firms and Workers in Explaining Spatial Wage Differences in Chile

Market versus public provision of local goods: An analysis of amenity capitalization within the Metropolitan Region of Santiago de Chile

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