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Dougal, Casey - 2014

We find that a firm's investment is highly sensitive to the investments of other firms headquartered nearby, even those in very different industries. It also responds to fluctuations in the cash flows and stock prices (q) of local firms outside its sector. These patterns do not appear to reflect...

Persistent link: https://www.econbiz.de/10012458317

Urban-Biased Growth : A Macroeconomic Analysis

Eckert, Fabian; Ganapati, Sharat; Walsh, Conor - National Bureau of Economic Research - 2022

Since 1980, US wage growth has been fastest in large cities. Empirically, we show that most of this urban-biased growth reflects wage growth at large Business Services firms, which are also the most intensive users of information and communications technology (ICT) capital in the US economy. We...

Persistent link: https://www.econbiz.de/10013388871

Harnessing Urbanization to End Poverty and Boost Prosperity in Africa

World Bank - 2014

Urbanization is the single most important transformation that the African continent will undergo this century. More … than half of Africa's population will live in its cities by 2040. In the face of rapid urbanization, there is a narrow … through the urbanization process and in some countries, a large number of people reside in rural areas. Rapid urbanization, if …

Persistent link: https://www.econbiz.de/10012560431

Economic Growth in a Cross-Section of Cities

Glaeser, Edward L. - 1995

We examine the relationship between urban characteristics in 1960 and urban growth (income and population) between 1960 and 1990. Our major findings are that income and population growth move together and both types of growth are (1) positively related to initial schooling, (2) negatively...

Persistent link: https://www.econbiz.de/10012473880

Bureaucracy, Infrastructure, and Economic Growth : Evidence from U.S. Cities During the Progressive Era

Rauch, James E. - 1994

Recent work in the sociology of economic development has emphasized the establishment of a professional bureaucracy in place of political appointees as an important component of the institutional environment in which private enterprise can flourish. I hypothesize that establishment of such a...

Persistent link: https://www.econbiz.de/10012473926

Princes and Merchants : European City Growth before the Industrial Revolution

De Long, J. Bradford - 1993

As measured by the pace of city growth in western Europe from 1000 to 1800. absolutist monarchs stunted the growth of commerce and industry. A region ruled by an absolutist prince saw its total urban population shrink by one hundred thousand people per century relative to a region without...

Persistent link: https://www.econbiz.de/10012474688

Growth in Cities

Glaeser, Edward L. - 1991

Recent theories of economic growth, including Romer (1986), Porter (1989) and Jacobs (1969), have stressed the role of technological spillovers in generating growth. Because such knowledge spillovers are particularly effective in cities, where communication between people is more extensive, data...

Persistent link: https://www.econbiz.de/10012475213

Does Investment in National Highways Help or Hurt Hinterland City Growth?

Baum-Snow, Nathaniel - 2018

We investigate the effects of the recently constructed Chinese national highway system on local economic outcomes. On average, roads that improve access to local markets have small or negative effects on prefecture economic activity and population. However, these averages mask a distinct pattern...

Persistent link: https://www.econbiz.de/10012453121

Growth, Urbanization and Poverty Reduction in India

Datt, Gaurav - 2016

Longstanding development issues are revisited in the light of our newly-constructed dataset of poverty measures for India spanning 60 years, including 20 years since reforms began in earnest in 1991. We find a downward trend in poverty measures since 1970, with an acceleration post-1991, despite...

Persistent link: https://www.econbiz.de/10012456690

The Consequences of Radical Reform : The French Revolution

Acemoglu, Daron; Cantoni, Davide; Robinson, James Alan; … - 2009

were occupied by the French and that underwent radical institutional reform experienced more rapid urbanization and …

Persistent link: https://www.econbiz.de/10012463816