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Liaisons Dangereuses : Increasing Connectivity, Risk Sharing, and Systemic Risk

Battiston, Stefano - 2009

We characterize the evolution over time of a network of credit relations among financial agents as a system of coupled … network of liabilities among agents. The average level of risk diversification of the agents coincides with the density of … links in the network. In addition to a process of diffusion of financial distress, we also consider a discrete process of …

Persistent link: https://www.econbiz.de/10012463991

The Rise of the Skilled City

Glaeser, Edward L. - 2003

For more than a century, educated cities have grown more quickly than comparable cities with less human capital. This fact survives a battery of other control variables, metropolitan area fixed effects and tests for reverse causality. We also find that skilled cities are growing because they are...

Persistent link: https://www.econbiz.de/10012468503

Reinventing Boston : 1640-2003

Glaeser, Edward L. - 2003

The three largest cities in colonial America remain at the core of three of America's largest metropolitan areas today. This paper asks how Boston has been able to survive despite repeated periods of crisis and decline. Boston has reinvented itself three times: in the early 19th century as the...

Persistent link: https://www.econbiz.de/10012468528

Combining Rules and Discretion in Economic Development Policy : Evidence on the Impacts of the California Competes Tax Credit

Freedman, Matthew; Neumark, David; Khanna, Shantanu - National Bureau of Economic Research - 2021

We evaluate the effects of one of a new generation of economic development programs, the California Competes Tax Credit (CCTC), on local job creation. Incorporating perceived best practices from previous initiatives, the CCTC combines explicit eligibility thresholds with some discretion on the...

Persistent link: https://www.econbiz.de/10012496148

Place-Based Policies

Neumark, David - 2014

Place-based policies commonly target underperforming areas, such as deteriorating downtown business districts and disadvantaged regions. Principal examples include enterprise zones, European Union Structural Funds, and industrial cluster policies. Place-based policies are rationalized by various...

Persistent link: https://www.econbiz.de/10012458615

Local Economic Development, Agglomeration Economies, and the Big Push : 100 Years of Evidence from the Tennessee Valley Authority

Kline, Patrick M. - 2013

We study the long run effects of one of the most ambitious regional development programs in U.S. history: the Tennessee Valley Authority (TVA). Using as controls authorities that were proposed but never approved by Congress, we find that the TVA led to large gains in agricultural employment that...

Persistent link: https://www.econbiz.de/10012459368

The Efficacy of Parochial Politics : Caste, Commitment, and Competence in Indian Local Governments

Munshi, Kaivan - 2008

Parochial politics is typically associated with poor leadership and low levels of public good provision. This paper explores the possibility that community involvement in politics need not necessarily worsen governance and, indeed, can be efficiency-enhancing when the context is appropriate....

Persistent link: https://www.econbiz.de/10012464313

Assessing the Incidence and Efficiency of a Prominent Place Based Policy

Busso, Matias - 2010

This paper empirically assesses the incidence and efficiency of Round I of the federal urban Empowerment Zone (EZ) program using confidential microdata from the Decennial Census and the Longitudinal Business Database. To ground our welfare analysis, we develop a heterogeneous agent general...

Persistent link: https://www.econbiz.de/10012462559

The Long-Run Effects of Sports Club Vouchers for Primary School Children

Marcus, Jan; Siedler, Thomas; Ziebarth, Nicolas R. - National Bureau of Economic Research - 2021

Starting in 2009, the German state of Saxony distributed sports club membership vouchers among all 33,000 third graders … carried out a large register-based survey among several cohorts in Saxony and two neighboring states. Our difference …

Persistent link: https://www.econbiz.de/10012533368

Economic Effects of Municipal Government Institutions

Zax, Jeffrey S. - 1985

This paper presents an analysis of employment and compensation practices under alternative institutions of municipal government which demonstrates that institutional variations have significant, important, and predictable effects upon outcomes in municipal labor markets. Municipal institutions...

Persistent link: https://www.econbiz.de/10012477423

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