Showing 1 - 10 of 41
I define a composite amenity that provides aesthetic and consumption value to local residents: Urbanity. A novel data set of geo-tagged photos shared in internet communities serves as a proxy for urbanity. From the spatial pattern of house prices and photos I identify the value of urbanity in...
Persistent link: https://www.econbiz.de/10013060976
explain why urbanization did not drive the economy to sustained growth. Our main contribution, validated by an estimated VAR … productivity. The analysis provides a picture of a trapped economy where urbanization was unable to trigger a persistent process of …
Persistent link: https://www.econbiz.de/10013044555
In this paper we determine the main driving forces underlying the structural transformation and urbanization process in … barriers played in China's growth and urbanization. We find that the primary drivers for real per capita GDP growth are … migration cost reduction and skill accumulation. While trade liberalization is important for urbanization during the transition …
Persistent link: https://www.econbiz.de/10012997164
to shocks, the degree of urbanization and specialization. We take the Great Recession, the economic and financial crisis …-2012 period, we find that the degree and nature of regional urbanization and specialization are important drivers of the …
Persistent link: https://www.econbiz.de/10013033744
This paper develops a two-sector R&D-based growth model with congestion effects from increasing urban population density. We show that endogenous technological progress causes structural change if there are positive productivity spillovers from the modern to the traditional sector and Engel's...
Persistent link: https://www.econbiz.de/10013118683
This paper examines the relative merits of compact cities or urban sprawl (suburban settlement patterns) as a spatial solution to environmental problems (such as climate control), automobile dependence, economic development, infrastructure costs and the quality of urban life
Persistent link: https://www.econbiz.de/10013059513
fixed effects and is robust to instrumenting urbanization. Province’s competition, urban amenities and dis-amenities, cost … capita account for 40 percent of the negative urbanization penalty. Our result cannot be explained by the presence of … markets, young entrepreneurs are able to reap-off the benefits of urbanization externalities: every 100,000-inhabitant …
Persistent link: https://www.econbiz.de/10013316181
The objective of this paper is to show how the same market failures that contribute to urban sprawl also contribute to urban blight. The paper develops a simple dynamic model in which new suburban and older central-city properties compete for mobile residents. The level of housing services...
Persistent link: https://www.econbiz.de/10013316314
This paper analyzes the impact of urbanization on CO2 emissions in developing countries, taking into account the … different for upper, middle, and low-income countries, urbanization shows a very different impact on emissions for low and lower …
Persistent link: https://www.econbiz.de/10013316481
Various authors, most notably Putnam (2000), have argued that low-density living reduces social capital and thus social interaction, and this argument has been used to buttress criticisms of urban sprawl. If low densities in fact reduce social interaction, then an externality arises, validating...
Persistent link: https://www.econbiz.de/10013317341