Search Results
Working Paper
Agglomeration in the European Automobile Supplier Industry
Motor vehicle and motor vehicle parts production plants tend to exhibit a strong degree of agglomeration. This paper estimates a spatial model utilizing detailed plant-level data that is pooled across seven countries in Europe. The paper makes several contributions. First, we assemble a set of nearly 1,800 European plant locations of the largest motor vehicle parts suppliers, as well as the location of all light vehicle assembly plants operational in 2010. Second, we obtain detailed spatial data ? at a higher resolution than what is provided by the NUTS-3 regions ? for five European countries ...
Working Paper
Using vehicle taxes to reduce carbon dioxide emissions rates of new passenger vehicles: evidence from France, Germany, and Sweden
France, Germany, and Sweden have recently linked vehicle taxes to the carbon dioxide (CO2) emissions rates of passenger vehicles. France has introduced a system of CO2-based purchase taxes and subsidies, whereas Germany and Sweden impose annual circulation (i.e., registration) taxes that are linear functions of CO2 emissions rates. This paper (a) compares the effects of vehicle taxes on registrations and average emissions rates across countries and (b) estimates the effect of reducing CO2 emissions rates on manufacturers? profits. The taxes have had a significant negative short-run effect on ...
Newsletter
The changing relationship between headquarters and cities
A recent Chicago Fed conference looked at the shifting geography of company headquarters, with a public policy focus on headquarters as a much-desired target of economic development efforts.
Charging Ahead: Trends in Leasing for Battery Electric Vehicles
How do consumers acquire vehicles that feature new propulsion technology? This question is of specific interest in the context of the growing sales of battery electric vehicles (BEVs), vehicles that run exclusively on electricity. In this post, we look at trends in leasing for BEVs during the past decade or so, a period in which the electric vehicle market has seen remarkable growth.
Newsletter
Challenges and prospects for Midwest manufacturing
The Chicago Fed held a series of conferences in 2003?04 aimed at understanding the recent poor performance of the manufacturing sector in the Midwest and the nation and identifying the challenges that lie ahead.
Newsletter
Making cars smarter: The growing role of electronics in automobiles
Electronics make up nearly 40% of the content of today?s average new automobile, and their share will continue to grow. On June 2, 2011, as part of the eighteenth annual Automotive Outlook Symposium (AOS), the Chicago Fed hosted a panel of experts at its Detroit Branch to examine the current and future roles of electronics in motor vehicles.
Charging Ahead: Will the Growth of Electric Vehicles Change the Auto Manufacturing Footprint in North America?
The automotive industry has embarked on a major transition from manufacturing gasoline-powered vehicles to producing electric vehicles (EVs). This transition is impacting nearly every aspect of the industry, ranging from vehicle design and development all the way to vehicle fueling and repair. What does the transition to EVs portend for the production footprint of light vehicles (i.e., cars and light trucks) across North America through the end of this decade? In this Chicago Fed Insights article, we summarize our recently published research that addresses this question.
Working Paper
Where the headquarters are – evidence from large public companies 1990-2000
This paper examines the location of headquarter growth of large public companies during the 1990s. Headquarters continue to be attracted by large metropolitan areas. Yet among that group they continue to disperse into medium-sized centers. This paper identifies 6 different categories of gross flows underlying the net change of headquarters observed during the 90s. There is strong variation among the 50 largest metro areas in terms of the composition of these gross flows. On average, entry and exit represent over 2/3 of all gross flow activity. Pure relocation of headquarters is found to lead ...
Newsletter
What do U.S. life insurers invest in?
Mexico?s share of automotive production has grown relative to those of its neighbors to the north because the country has become more integrated with North America and pursued trade agreements with numerous other countries. Those developments have boosted Mexico?s motor vehicle production by way of raising exports.