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Duranton, Gilles; Turner, Matthew A - C.E.P.R. Discussion Papers - 2008

We estimate the effects of major roads and public transit on the growth of major cities in the US between 1980 and 2000. We find that a 10% increase in a city’s stock of roads causes about a 2% increase in its population and employment and a small decrease in its share of poor households over...

Persistent link: https://www.econbiz.de/10005792014

The growth of cities

Duranton, Gilles; Puga, Diego - C.E.P.R. Discussion Papers - 2013

Why do cities grow in population, surface area, and income per person? Which cities grow faster and why? To these questions, the urban growth literature has offered a variety of answers. Within an integrated framework, this chapter reviews key theories with implications for urban growth. It then...

Persistent link: https://www.econbiz.de/10011084574

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

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

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

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

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

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

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

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