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China's Great Leap: Forward or Backward? Anatomy of a Central Planning Disaster
An, Mark Yuying; Li, Wei; Yang, Dennis Tao - C.E.P.R. Discussion Papers - 2001
The Great Leap Forward (GLF) disaster, characterized by a collapse of grain output, and the associated famine in China … industrialization. Consequently, it diverted massive amounts of agricultural resources to industry and imposed excessive grain …
Persistent link: https://www.econbiz.de/10005789139
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The Economic Value of Cultural Diversity: Evidence from US Cities
Ottaviano, Gianmarco; Peri, Giovanni - C.E.P.R. Discussion Papers - 2004
We use data on wages and rents in different US cities to assess the amenity effects on production and consumption of cultural diversity as measured by diversity of countries of birth of city residents. We show that US-born citizens living in metropolitan areas where the share of foreign-born...
Persistent link: https://www.econbiz.de/10005792376
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Spatial Asset Pricing: A First Step
Ortalo-Magné, François; Prat, Andrea - C.E.P.R. Discussion Papers - 2010
People choose where to live and how much to invest in housing. Traditionally, the first decision has been the domain of spatial economics, while the second has been analyzed in finance. Spatial asset pricing is an attempt to combine equilibrium concepts from both disciplines. In the finance...
Persistent link: https://www.econbiz.de/10008468506
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Property Tax and Urban Sprawl. Theory and Implications for U.S. Cities
Song, Yan; Zenou, Yves - C.E.P.R. Discussion Papers - 2005
This article attempts a formal analysis of the connection between property tax and urban sprawl in U.S. cities. We develop a theoretical model that includes households (who are also landlords) and land developers in a regional land market. We then test the model empirically based on a national...
Persistent link: https://www.econbiz.de/10005067619
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New Economic Geography: an appraisal on the occasion of Paul Krugman's 2008 Nobel Prize in Economics
Fujita, Masahisa; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2008
Paul Krugman has clarified the microeconomic underpinnings of both spatial economic agglomerations and regional imbalances at national and international levels. He has achieved this with a series of remarkably original papers and books that succeed in combining imperfect competition, increasing...
Persistent link: https://www.econbiz.de/10005497703
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How Urbanization Affect Employment and Social Interactions
Sato, Yasuhiro; Zenou, Yves - C.E.P.R. Discussion Papers - 2014
ties) than in sparsely populated areas. We also demonstrate that, for a low urbanization level, there is a unique steady …-state equilibrium where workers do not interact with weak ties, while, for a high level of urbanization, there is a unique steady … when social interactions are optimal, we show that there is over-urbanization in equilibrium. …
Persistent link: https://www.econbiz.de/10011084303
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The Geography of Development within Countries
Desmet, Klaus; Henderson, J Vernon - C.E.P.R. Discussion Papers - 2014
This chapter describes how the spatial distribution of economic activity changes as economies develop and grow. We start with the relation between development and rural-urban migration. Moving beyond the coarse rural-urban distinction, we then focus on the continuum of locations in an economy...
Persistent link: https://www.econbiz.de/10011084674
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Urbanization and Structural Transformation
Michaels, Guy; Rauch, Ferdinand; Redding, Stephen J. - C.E.P.R. Discussion Papers - 2008
This paper presents new evidence on urbanization using sub-county data for the United States from 1880-2000 and …
Persistent link: https://www.econbiz.de/10005662061
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The Dynamics of City Formation: Finance and Governance
Henderson, J Vernon; Venables, Anthony J - C.E.P.R. Discussion Papers - 2004
This Paper examines city formation in a country whose urban population is growing steadily over time, with new cities required to accommodate this growth. In contrast to most of the literature there is immobility of housing and urban infrastructure, and investment in these assets is taken on the...
Persistent link: https://www.econbiz.de/10005788954
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A General Purpose Technology at Work: The Corliss Steam Engine in the Late 19th Century
Rosenberg, Nathan; Trajtenberg, Manuel - C.E.P.R. Discussion Papers - 2001
innovative design in steam power, the Corliss engine, played in the intertwined processes of industrialization and urbanization …
Persistent link: https://www.econbiz.de/10005788998