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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/10003887324
Communities urbanize when the net benefits to urbanization exceed rural areas. Body mass, height, and weight are …
Persistent link: https://www.econbiz.de/10012263846
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … for the sample of OECD countries. -- Growth ; foreign investment ; cities ; urbanization ; primacy ; spatial lags …
Persistent link: https://www.econbiz.de/10003790984
Persistent link: https://www.econbiz.de/10003395414
This paper provides evidence for the causal effect of the highway and railway infrastructure on the suburbanization of … suburbanization using a two-step panel approach. Our main results suggest that an additional highway ray displaced approximately 4% of … railways on average. However, railways did cause suburbanization those located in Central-North Europe. When employing the full …
Persistent link: https://www.econbiz.de/10011415085
We design a spatial model featuring workers embodied with heterogeneous skills. In equilibrium, locations with improved market access become relatively more attractive to the high-skilled, high-income earners. We then empirically analyze the effects of the construction of the Swiss highway...
Persistent link: https://www.econbiz.de/10011761580
n 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/10011421588
We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...
Persistent link: https://www.econbiz.de/10011342399
to shocks, the degree of urbanization and specialization. We take the Great Recession, the economic and financial crisis … period, we find that the degree and nature of regional urbanization and specialization are important drivers of the …
Persistent link: https://www.econbiz.de/10010337597
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/10010424891