応用ミクロ経済学ワークショップと共催

要旨：This study contributes to the literature on the relationship between geographical and relation-based distances of economic agents. We aim to estimate the causal effect of firm’s position in the inter-firm transaction network on its spatial location within a city. Using micro data of inter-firm financial transactions for non-retail firms in Kure, a medium-sized Japanese city, we demonstrate that the more central firms in transaction networks tend to have smaller inter-firm distances and therefore to locate at more accessible places within the city. We estimate that one standard deviation increase in PageRank network centrality implies a decrease of 0.154 standard deviation in the interfirm distance (about 457 meters).