Asymmetric Information Shapes Agglomeration Economies, Impacting Developing and Developed Nations
The article explores how differences in information among businesses in the same area affect economic growth. It introduces a new idea that shows how this information gap can impact the benefits of businesses clustering together. The study suggests that the benefits of businesses being close to each other can vary depending on the level of development in a country. This means that the advantages of businesses being near each other may not be the same in all countries.