This paper explores the geographic overlap of trade and technology shocks across local labor markets in the United … technology are present throughout the United States, the impacts of trade tend to be more geographically concentrated, owing in … separately identify the impacts of recent changes in trade and technology on U.S. regional economies. …

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

trade and immigration flows are based on geography and the demographic trends of each country’s trade and migration partners …

distance (while controlling for country size). Since geography may affect income through other channels, we also control for … reflect increased diversity in productive skills and, to some extent, a higher rate of innovation. …

There is a well-known debate about the roles of geography versus institutions in explaining the long-term development … heterogeneity, unobserved heterogeneity, and endogeneity cannot easily be controlled for. The innovation of Acemoglu, Johnson and … Robinson (2001) was to address this last point by using settler mortality as an instrument for geography-induced endogenous …

measures of geography within Europe, we show that i) geography explains both genetic distance and transportation costs between … European countries, and ii) genetic distance does not explain economic outcomes once we control for geography. We conclude that …