The spatial interlocking of commercial office real estate and advanced producer services: a central flow theory lens
The spatial interlocking of commercial office real estate and advanced producer services: a central flow theory lens
Pain Kathy(Department of Real Estate and Planning, University of Reading, Reading, UK); Zhu Bing(Department of Civil, Geo and Environmental Engineering, Technical University of Munich, München, Germany); Derudder Ben(Public Governance Institute, Leuven, Belgium); Taylor Peter J.(Geography, Northumbria University, Newcastle-upon-Tyne, UK)
29권 2호, 430~451쪽
초록
The paper extends geographical enquiry into the external urban relations described by central flow theory in an exploration of the roles of commercial office real estate (CORE) and advanced producer services (APS) as a conduit for inter-city flows of finance in corporate globalization. The analysis investigates and benchmarks the spatial overlap between these city-based service networks and uses this to consider how their respective servicing strategies influence international capital flows. We find that the networks are interlocked, as the connectivity in one network can significantly explain the connectivity in the other. Both CORE and APS services promote cross-border flows of finance. Cities providing multinational CORE and APS services are able to articulate direct as well as indirect inter-city capital flows and spillovers to non-service sectors.
Abstract
The paper extends geographical enquiry into the external urban relations described by central flow theory in an exploration of the roles of commercial office real estate (CORE) and advanced producer services (APS) as a conduit for inter-city flows of finance in corporate globalization. The analysis investigates and benchmarks the spatial overlap between these city-based service networks and uses this to consider how their respective servicing strategies influence international capital flows. We find that the networks are interlocked, as the connectivity in one network can significantly explain the connectivity in the other. Both CORE and APS services promote cross-border flows of finance. Cities providing multinational CORE and APS services are able to articulate direct as well as indirect inter-city capital flows and spillovers to non-service sectors.
- 발행기관:
- 도시과학연구원
- 분류:
- 학제간연구