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Economic Growth in a Cross-Section of Cities
Glaeser, Edward L. - 1995
We examine the relationship between urban characteristics in 1960 and urban growth (income and population) between 1960 and 1990. Our major findings are that income and population growth move together and both types of growth are (1) positively related to initial schooling, (2) negatively...
Persistent link: https://www.econbiz.de/10012473880
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Regional Growth and Migration : A Japan-U.S. Comparison
Barro, Robert J. - 1992
Do poor economies grow faster than rich ones? This important economic question (which we call [beta]-convergence) is … of convergence in both countries: poor prefectures and states grow faster. We also find that there is intraregional as … well as interregional convergence. We analyze the cross sectional standard deviation across prefectures and states. We find …
Persistent link: https://www.econbiz.de/10012474942
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Place-Based Policies for Development
Duranton, Gilles - 2018
Many development policies, such as placement of infrastructure or local economic development schemes, are "place-based." Such policies are generally intended to stimulate private sector investment and economic growth in the treated place, and as such they are difficult to appraise and evaluate....
Persistent link: https://www.econbiz.de/10012453154
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Mechanics of Spatial Growth
Cai, Sheng; Caliendo, Lorenzo; Parro, Fernando; Xiang, Wei - National Bureau of Economic Research - 2022
We develop a dynamic spatial growth model to explore the role of trade and internal migration in the process of spatial development and aggregate growth. Growth is shaped by the best global and local ideas that contribute to the local stock of knowledge. Global ideas diffuse more to locations...
Persistent link: https://www.econbiz.de/10013435141
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Cities, Heterogeneous Firms, and Trade
Bakker, Jan David; García Marín, Alvaro; Potlogea, … - National Bureau of Economic Research - 2024
Does international trade affect the growth of cities, and vice versa? Assembling disaggregate data for four countries, we document a novel stylized fact: Export activity is disproportionately concentrated in larger cities - even more so than overall economic activity. We rationalize this fact by...
Persistent link: https://www.econbiz.de/10014528416
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Distributional Equity in the Employment and Wage Impacts of Energy Transitions
Gilbert, Benjamin; Gagarin, Hannah; Hoen, Ben - National Bureau of Economic Research - 2023
We use restricted-access, geocoded data on the near-universe of workers in 23 U.S. states in order to quantify the impact of wind energy development on local earnings and employment, by race, ethnicity, sex, and educational attainment. We find the largest relative impacts for workers without a...
Persistent link: https://www.econbiz.de/10014337841
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Anticipating Climate Change Across the United States
Bilal, Adrien; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2023
We evaluate how anticipation and adaptation shape the aggregate and local costs of climate change. We develop a dynamic spatial model of the U.S. economy and its 3,143 counties that features costly forward-looking migration and capital investment decisions. Recent methodological advances that...
Persistent link: https://www.econbiz.de/10014322711
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Learning and Expectations in Dynamic Spatial Economies
Fan, Jingting; Hong, Sungwan; Parro, Fernando - National Bureau of Economic Research - 2023
The impact of shocks in dynamic environments depends on how forward-looking agents anticipate the path of future fundamentals that shape their decisions. We incorporate flexible beliefs about future fundamentals in a general class of dynamic spatial models, allowing beliefs to be evolving,...
Persistent link: https://www.econbiz.de/10014322891
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Spatial Structural Change
Eckert, Fabian; Peters, Michael - National Bureau of Economic Research - 2022
Between 1880 and 1920, the US agricultural employment share fell from 50% to 25%. However, despite aggregate demand shifting away from their sector of specialization, rural labor markets saw faster wage growth and industrialization than non-agricultural parts of the US. We propose a spatial...
Persistent link: https://www.econbiz.de/10013388845
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Greed? Profits, Inflation, and Aggregate Demand
Bilbiie, Florin Ovidiu; Känzig, Diego R. - National Bureau of Economic Research - 2023
Amidst the recent resurgence of inflation, this paper investigates the interplay of corporate profits and income distribution in shaping inflation and aggregate demand within the New Keynesian framework. We derive a novel analytical condition for profits to be procyclical and inflationary....
Persistent link: https://www.econbiz.de/10014337850