Showing 1 - 10 of 213
We use a newly assembled sample of 1,503 regions from 82 countries to compare the speed of per capita income …
Persistent link: https://www.econbiz.de/10010950694
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10010951106
GDP growth is often measured poorly for countries and rarely measured at all for cities or subnational regions. We … official data. Lights data also allow for measurement of income growth in sub- and supranational regions. As an application, we … examine growth in Sub Saharan African regions over the last 17 years. We find that real incomes in non-coastal areas have …
Persistent link: https://www.econbiz.de/10005087493
The presence of foreign multinational enterprises may benefit local economies. In particular, highly productive foreign-owned firms may promote technological catch-up of local firms. Such channel of spillovers is defined as "Veblen-Geschenkron" effect of Foreign Direct Investments and is...
Persistent link: https://www.econbiz.de/10005575616
We investigate the determinants of regional development using a newly constructed database of 1569 sub-national regions … productivity in several thousand establishments located in these regions. To organize the discussion, we present a new model of …
Persistent link: https://www.econbiz.de/10009147836
This paper investigates the urbanization of the Indian manufacturing sector by combining enterprise data from formal and informal sectors. We find that plants in the formal sector are moving away from urban and into rural locations, while the informal sector is moving from rural to urban...
Persistent link: https://www.econbiz.de/10011227923
This paper proposes a simple theory of a system of cities that decomposes the determinants of the city size distribution into three main components: efficiency, amenities, and frictions. Higher efficiency and better amenities lead to larger cities, but also to greater frictions through...
Persistent link: https://www.econbiz.de/10008764667
This paper studies the sources of agglomeration economies in cities. We begin by introducing a simple dynamic spatial equilibrium model that incorporates spillovers within and across industries, as well as city-size effects. The model generates a dynamic panel-data estimation equation. We...
Persistent link: https://www.econbiz.de/10011096572
Using firm-level survey data for the West German manufacturing sector, this paper revisits the technology-driven business cycle hypothesis for the case of aggregate investment. We construct a survey-based measure of technology shocks to gauge their contribution to short-run investment...
Persistent link: https://www.econbiz.de/10010969200
Two recent meta-analyses use variants of the Baily, Hulten, and Campbell (1992) (BHC) decompositions to ask whether recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input reallocation. They find weak gains from measured...
Persistent link: https://www.econbiz.de/10010969274