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Not So Footloose after All: Locational Behavior of Information Technology Establishments in the United States, 1989-1998
Using a data set that contains establishment births by county, this paper presents the evidence that firms in the information technology industry respond to positively to the economies found in metropolitan areas.
Link
http://www.lerner.udel.edu/economics/WorkingPapers/papers/paper2005-15.pdf