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Kantor, Shawn Everett; Whalley, Alexander T. - National Bureau of Economic Research - 2023

We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War era Space Race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending. Our results demonstrate that public R&D...

Persistent link: https://www.econbiz.de/10014322858

Estimating the Economic Value of Zoning Reform

Anagol, Santosh; Ferreira, Fernando Vendramel; Rexer, … - National Bureau of Economic Research - 2021

We develop a framework to estimate the economic value of a recent zoning reform in the city of Sao Paulo, which altered maximum permitted construction at the city-block level. Using a spatial regression discontinuity design, we find that developers file for more multi-family construction permits...

Persistent link: https://www.econbiz.de/10012660117

Vocational schools as an instrument of interregional competition : empirical evidence from German counties

Bischoff, Ivo; Hauschildt, Julia - 2017 - Version: May 17, 2017

The German apprenticeship system is widely known throughout the world. We analyze expenditures on vocational schools on county level using data from 213 West-German counties between 2001 and 2006. We use spatial econometrics to test for spatial correlation in counties' expenditure on vocational...

Persistent link: https://www.econbiz.de/10011649071

All Clear for Takeoff : Evidence from Airports on the Effects of Infrastructure Privatization

Howell, Sabrina T.; Jang, Yeejin; Kim, Hyeik; Weisbach, … - National Bureau of Economic Research - 2022

Infrastructure assets have undergone substantial privatization in recent decades. How do different types of owners target and manage these assets? And does the contract form--control rights (concession) vs. outright ownership (sale)--matter? We explore these questions in the context of global...

Persistent link: https://www.econbiz.de/10013435106

Housing market convergence : evidence from Germany

Unal, Umut; Hayo, Bernd; Erol, Isil - 2022

This paper provides an analysis of the convergence pattern of German housing prices and rents employing a new dataset … that covers all the country's administrative districts. In addition to conventional tests for 𝛽-convergence and 𝜎-convergence … districts. Our results reveal no evidence of convergence across Germany or within states; rather, we discover widespread …

Persistent link: https://www.econbiz.de/10013460037

Market Size and Spatial Growth - Evidence from Germany's Post-War Population Expulsions

Peters, Michael - National Bureau of Economic Research - 2021

Virtually all theories of economic growth predict a positive relationship between population size and productivity. In this paper I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. In the aftermath of the Second World War about...

Persistent link: https://www.econbiz.de/10012660007

The Direct and Indirect Effects of Small Business Administration Lending on Growth : Evidence from U.S. County-Level Data

Young, Andrew T. - 2014

Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...

Persistent link: https://www.econbiz.de/10012458122

Population Aging and Economic Growth : From Demographic Dividend to Demographic Drag?

Kotschy, Rainer; Bloom, David E. - National Bureau of Economic Research - 2023

This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950-2015....

Persistent link: https://www.econbiz.de/10014337818

Targeting Impact versus Deprivation

Haushofer, Johannes; Niehaus, Paul; Paramo, Carlos; … - National Bureau of Economic Research - 2022

Targeting is a core element of anti-poverty program design, with benefits typically targeted to those most "deprived" in some sense (e.g., consumption, wealth). A large literature in economics examines how to best identify these households feasibly at scale, usually via proxy means tests (PMTs)....

Persistent link: https://www.econbiz.de/10013334357

Market access, regional price level and wage disparities : the German case

Kosfeld, Reinhold; Eckey, Hans-Friedrich - 2008

In this paper we use the NEG framework of the Helpman model to investigate the spatial distribution of wages across German labour market regions under different assumptions. As the assumptions of equal regional price level and equal real wages are strongly rejected for the German economy,...

Persistent link: https://www.econbiz.de/10003865746