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Locational Dynamics of the U.S. Biotech Industry: Knowledge Externalities and the Anchor Hypothesis
The paper uses a panel of firms to explore the locational patterns and place-specific evolution of the in the U.S. biotech industry. The study adapts the concept of the anchor tenant from real estate economics to explore the locational concentration and specialization of the emerging biotech industry.
Link
http://www.rotman.utoronto.ca/feldman/papers/Feldman%20--Druid%20-%20I&I%20%20paper.pdf