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and structural factors, including trade in business services and foreign direct investment (FDI), using simple descriptive … exports of business services, and a negative association with imports of business services. However, the results also show … of the services sector all have a positive association with the share of potentially offshorable "non …
Persistent link: https://www.econbiz.de/10012465860
-collar services, or do these issues call for an entirely fresh approach? I try to identifying some of the important aspects of this … offshoring of white-collar services to occur …
Persistent link: https://www.econbiz.de/10012466844
We use a temporary ban on inter-province shipping of live hogs induced by the 2018 outbreak of African Swine Fever (ASF) in China as a natural experiment to study spatial mechanisms behind the dynamics of market integration. With a unique dataset of weekly provincial hog prices, we employ a...
Persistent link: https://www.econbiz.de/10012616589
This paper shows that local productivity spillovers propagate throughout the economy through the plant-level networks of multi-region firms. Using confidential Census plant-level data, we show that large manufacturing plant openings not only raise the productivity of local plants but also of...
Persistent link: https://www.econbiz.de/10012599374
U.S. invention has become increasingly concentrated around major tech centers since the 1970s, with implications for how much cities across the country share in concomitant local benefits. Is invention becoming a winner-takes-all race? We explore the rising spatial concentration of patents and...
Persistent link: https://www.econbiz.de/10012696365
This essay describes and evaluates state and local business tax incentives in the United States. In 2014, states spent between $5 and $216 per capita on incentives for firms in the form of firm-specific subsidies and general tax credits, which mostly target investment, job creation, and research...
Persistent link: https://www.econbiz.de/10012479128
We use anonymized and aggregated data from Facebook to explore the spatial structure of social networks in the New York metro area. We highlight the importance of transportation infrastructure in shaping urban social networks by showingthat travel time and travel costs are substantially stronger...
Persistent link: https://www.econbiz.de/10012479369
Cross-sectional or panel studies have joined time series techniques as an important element in empirical macroeconomists' toolkit. The econometric best practices for these studies and their aggregate implications remain active topics of research. In this paper, I offer several pieces of advice...
Persistent link: https://www.econbiz.de/10012480445
The views expressed herein are those of the authors and do not necessarily represent the views of the Federal Reserve Bank of Richmond or the Federal Reserve System. We thank Eric LaRose and Sara Ho for outstanding research assistance.Using U.S. NETS data, we present evidence that the positive...
Persistent link: https://www.econbiz.de/10012480717
We study optimal dynamic lockdowns against Covid-19 within a commuting network. Our framework integrates canonical spatial epidemiology and trade models, and is applied to cities with varying initial viral spread: Seoul, Daegu and NYC-Metro. Spatial lockdowns achieve substantially smaller income...
Persistent link: https://www.econbiz.de/10012481636