@techreport{oai:ir.ide.go.jp:00051749,
 author = {Yoshihiro, HASHIGUCHI and Takayuki, HIGASHIKATA},
 month = {May},
 note = {application/pdf, IDP000786_001, This study uses Indonesian plant-level manufacturing data from 2000 to 2014 to examine the role of individual firms located in agglomeration areas in generating aggregate fluctuations. While previous studies have used a method to decompose aggregate fluctuations into macroeconomic (sectoral) and firm-specific components, this paper illustrates an approach to further decompose the firm-specific component into higher and lower agglomeration groups. Our results suggest that plant-specific fluctuations in higher agglomeration areas have a greater impact on aggregate fluctuations than those in lower agglomeration areas, and the interaction or co-movements of plants in higher agglomerations areas have a significant role to drive aggregate fluctuations.},
 title = {Firm agglomeration and aggregate fluctuations},
 year = {2020}
}