(a) [25 marks] Consider the following two Tables from the article: Greenstone, M., R.
Hornbeck, and E. Moretti. 2010. “Identifying Agglomeration Spillovers: Evidence from
Winners and Losers of Large Plant Openings” Journal of Political Economy 118(3): 536-
598. The Tables present regression results based on variants of the main estimating
equation. How do the authors interpret the estimates? What can you conclude from the
two Tables regarding the nature of agglomeration spillovers? Briefly explain. 2022 latest answers
