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This paper examines the impact of transport infrastructure investment and transport sector productivity on South African economic growth for the period 1975-2011. We use a Vector Error Correction Model and a Bayesian Vector Autoregressive model as empirical tools. The models provide an insight...
Persistent link: https://www.econbiz.de/10011108467
This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of...
Persistent link: https://www.econbiz.de/10009418512
growth rate of the neighbouring provinces of Southern Thailand has an effect on the economic growth of the Northern states of …
Persistent link: https://www.econbiz.de/10005616987
This paper uses un-truncated city population data from six countries (the United States, Spain, Italy, France, England and Japan) to illustrate how parametric growth regressions can lead to biased results when testing for Gibrat’s law in city size distributions. The OLS results show...
Persistent link: https://www.econbiz.de/10011258661
I begin with a rough sketch of the incidence of the cultural economy in US cities today. I then offer a brief review of some theoretical approaches to the question of creativity, with special reference to issues of social and geographic context. The city is a powerful fountainhead of creativity,...
Persistent link: https://www.econbiz.de/10009226963
After the intense and unprecedented urbanisation of the last centuries, it is more than evident that a clear understanding of the ongoing trends of urban growth and clustering is needed if we are to aim for a better insight as to their possible future. The main aim of this paper is the...
Persistent link: https://www.econbiz.de/10008694138
In this short paper we apply the methodology proposed by Ioannides and Overman (2003) to estimate a local Zipf exponent using data for the entire twentieth century of the complete distribution of cities (incorporated places) without any size restrictions in the US. The results reject Zipf’s...
Persistent link: https://www.econbiz.de/10008728056
Three urban growth theories predict parallel growth of cities. The endogenous growth theory predicts deterministic parallel growth; the random growth theory implies that city growth follows Gibrat’s law with a steady-state distribution; and the hybrid growth theory suggests the co-movement of...
Persistent link: https://www.econbiz.de/10008529303
The aim of this work is to test empirically the validity of Gibrat’s Law in the growth of cities, using data for all the twentieth century of the complete distribution of cities (without any size restrictions) in three countries: the US, Spain and Italy. On considering the distribution of...
Persistent link: https://www.econbiz.de/10005619300
This paper analyses the evolution of the size distribution of cities in the United States throughout the 20th century. In particular, we are interested in testing the fulfilment of two empirical regularities studied in urban economics: Zipf’s law, which postulates that the product between rank...
Persistent link: https://www.econbiz.de/10005621449