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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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FDI Spillovers in the Chinese Manufacturing Sector: Evidence of firm heterogeneity
Abraham, Filip; Konings, Jozef; Slootmaekers, Veerle - C.E.P.R. Discussion Papers - 2007
indirect effects of foreign direct investment on measured firm level productivity depend on a number of firm specific features … higher in the special economic zone aimed at attracting foreign capital to fasten the development of China’s own high tech …
Persistent link: https://www.econbiz.de/10005114334
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Trade liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters
Khandelwal, Amit; Schott, Peter K.; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2012
-liberalization quota allocation is not based on firm productivity. Removing this misallocation accounts for a substantial share of the … overall productivity gains associated with the quota removal. …
Persistent link: https://www.econbiz.de/10011083645
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WTO Accession and Performance of Chinese Manufacturing Firms
Brandt, Loren; Van Biesebroeck, Johannes; Wang, Luhang; … - C.E.P.R. Discussion Papers - 2012
China’s policy-makers argued that WTO accession and the accompanying trade liberalization would have a beneficial … impact on the domestic economy. China’s import tariffs differed tremendously across industry in the earlier years, but … identify the impact of increased import competition on firm performance and its contribution to the significant productivity …
Persistent link: https://www.econbiz.de/10011084425
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Urban Accounting and Welfare
Desmet, Klaus; Rossi-Hansberg, Esteban - C.E.P.R. Discussion Papers - 2010
This paper proposes a simple theory of a system of cities that decomposes the determinants of the city size distribution into three main components: efficiency, amenities, and frictions. Higher efficiency and better amenities lead to larger cities, but also to greater frictions through...
Persistent link: https://www.econbiz.de/10008784710
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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
We develop a model where the unemployed workers in the city can find a job either directly or through weak or strong ties. We show that, in denser areas, individuals choose to interact with more people and meet more random encounters (weak ties) than in sparsely populated areas. We also...
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