Showing 1 - 10 of 1,220
We provide new evidence that cash transfers following the birth of a first child can have large and long-lasting effects on that child's outcomes. We take advantage of the January 1 birthdate cutoff for U.S. child-related tax benefits, which results in families of otherwise similar children...
Persistent link: https://www.econbiz.de/10013362027
the globe--to evaluate India's varied road construction projects in the early 2000s. Estimating the model requires only … through public sources. We find that India's road investments from this period improved aggregate welfare, particularly for …
Persistent link: https://www.econbiz.de/10014468247
We study the demand for government participation in China's venture capital and private equity market. We conduct a large-scale, non-deceptive field experiment in collaboration with the leading industry service provider, through which we survey both sides of the market: the capital investors and...
Persistent link: https://www.econbiz.de/10013334380
Does international trade affect the growth of cities, and vice versa? Assembling disaggregate data for four countries, we document a novel stylized fact: Export activity is disproportionately concentrated in larger cities - even more so than overall economic activity. We rationalize this fact by...
Persistent link: https://www.econbiz.de/10014528416
National, state, and local policy makers have increasingly focused their attention on policies toward economic growth, especially efforts to raise the rate of investment. Recent studies of economic growth have raised a debate over the role played by the investment rate in the long-run...
Persistent link: https://www.econbiz.de/10012474826
There is limited existing evidence justifying the economic case for state education policy. Using newly-developed measures of the human capital of each state that allow for internal migration and foreign immigration, we estimate growth regressions that incorporate worker skills. We find that...
Persistent link: https://www.econbiz.de/10012456901
We develop a dynamic spatial growth model to explore the role of trade and internal migration in the process of spatial development and aggregate growth. Growth is shaped by the best global and local ideas that contribute to the local stock of knowledge. Global ideas diffuse more to locations...
Persistent link: https://www.econbiz.de/10013435141
This paper examines the relationship between the structure of banking markets and economic growth using a new dataset … on manufacturing industry-level growth rates and banking market concentration for U.S. states during 1899-1929--a period … when the manufacturing sector was expanding rapidly and restrictive branching laws segmented the U.S. banking system …
Persistent link: https://www.econbiz.de/10012462942
We develop and analyze a new system of disaggregated economic accounts. The system breaks down national accounting positions into bilateral flows among consistently defined subgroups of consumers ("consumer cells"), subgroups of producers ("producer cells"), the government, and the rest of the...
Persistent link: https://www.econbiz.de/10013462679
China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country's low levels of financial and institutional development, state-dominated economy, and nondemocratic government. Notwithstanding the inefficient and risky growth model, the...
Persistent link: https://www.econbiz.de/10014250169