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On the Road: Access to Transportation Infrastructure and Economic Growth in China

Banerjee, Abhijit; Duflo, Esther; Qian, Nancy - C.E.P.R. Discussion Papers - 2012

This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a twenty-period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact that these networks tend to connect historical cities....

Persistent link: https://www.econbiz.de/10011083596

Welfare Benefits of Agglomeration and Worker Heterogeneity

Groot, Henri L.F. De; Ossokina, Ioulia V.; Teulings, Coen N - C.E.P.R. Discussion Papers - 2014

The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...

Persistent link: https://www.econbiz.de/10011084268

The Fundamental Law of Road Congestion: Evidence from US cities

Duranton, Gilles; Turner, Matthew A - C.E.P.R. Discussion Papers - 2009

We investigate the relationship between interstate highways and highway vehicle kilometers traveled (vkt) in US cities …. We find that vkt increases proportionately to highways and identify three important sources for this extra vkt: an … congestion and that the current provision of roads exceeds the optimum given the absence of congestion pricing. …

Persistent link: https://www.econbiz.de/10008528527

Transportation Costs and the Spatial Organization of Economic Activity

Redding, Stephen J.; Turner, Matthew A - C.E.P.R. Discussion Papers - 2014

This paper surveys the theoretical and empirical literature on the relationship between the spatial distribution of economic activity and transportation costs. We develop a multi-region model of economic geography that we use to understand the general equilibrium implications of transportation...

Persistent link: https://www.econbiz.de/10011084246

Roads and Innovation

Agrawal, Ajay; Galasso, Alberto; Oettl, Alexander - C.E.P.R. Discussion Papers - 2014

variation, we estimate the effect of U.S. interstate highways on regional innovation. We find that a 10% increase in a region …'s stock of highways causes a 1.7% increase in regional patenting over a five-year period. We show that roads facilitate the …

Persistent link: https://www.econbiz.de/10011083321

The Effect of Trade on the Demand for Skill - Evidence from the Interstate Highway System

Michaels, Guy - C.E.P.R. Discussion Papers - 2007

as trucking and retail sales, by 7-10 percentage points per capita. Most significantly, by increasing trade the highways …

Persistent link: https://www.econbiz.de/10005504786

Why and Where do Headquarters Move?

Strauss-Kahn, Vanessa; Vives, Xavier - C.E.P.R. Discussion Papers - 2005

This paper analyses decisions regarding the location of headquarters in the US for the period 1996-2001. Using a unique firm-level database of about 30,000 US headquarters, we study the firm- and location-specific characteristics of headquarters that relocated over that period. Headquarters are...

Persistent link: https://www.econbiz.de/10005791881

Transmission Rights and Market Power on Electric Power Networks I: Financial Rights

Joskow, Paul L; Tirole, Jean - C.E.P.R. Discussion Papers - 1999

rights to it need not affect its behavior since it may extract all of the congestion rents without possessing financial …

Persistent link: https://www.econbiz.de/10005504688

Transmission Rights and Market Power on Electric Power Networks. II: Physical Rights

Joskow, Paul L; Tirole, Jean - C.E.P.R. Discussion Papers - 1999

We examine whether and how the allocation of physical rights to utilize congested transmission links affects the behavior of electricity generators and electricity consumers with market power in the electricity market. The paper extends the analysis of financial transmission rights contained in...

Persistent link: https://www.econbiz.de/10005656250

Multiple Equilibria and Minimum Wages in Labour Markets with Informational Frictions and Heterogenous Production Technologies

den Berg, Gerard J van - C.E.P.R. Discussion Papers - 2003

It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...

Persistent link: https://www.econbiz.de/10005666625