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Banking and industrialization
Heblich, Stephan; Trew, Alex - 2015
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
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Urbanization and economic development : a tale of two barriers
Bond, Eric W.; Riezman, Raymond Glenn; Wang, Ping - 2016
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
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Finance and income inequality : a review and new evidence
Haan, Jakob de; Sturm, Jan-Egbert - 2016
Using a panel fixed effects model for a sample of 121 countries covering 1975-2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...
Persistent link: https://www.econbiz.de/10011536253
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Historical legacies and urbanization : evidence from Chinese concessions
Jin, Gan; Schulze, Günther G. - 2024
Can colonialism affect today’s urban outcomes? This paper examines the long-run impact of Concessions - foreign-run enclaves established in the late nineteenth century inside Chinese cities by European settlers for residence and investment purposes. They soon became the new economic hubs of...
Persistent link: https://www.econbiz.de/10014486802
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Pandemics, places, and populations : evidence from the Black Death
Jedwab, Remi; Johnson, Noel D.; Koyama, Mark - 2019
The Black Death killed 40% of Europe's population between 1347-1352, making it one of the largest shocks in the history of mankind. Despite its historical importance, little is known about its spatial effects and the effects of pandemics more generally. Using a novel dataset that provides...
Persistent link: https://www.econbiz.de/10011977143
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Structural change, urban congestion, and the end of growth
Grossmann, Volker - 2011
change ; urbanization …
Persistent link: https://www.econbiz.de/10009375255
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Migrants and firms : evidence from China
Imbert, Clément; Seror, Marlon; Zhang, Yifan; … - 2018
This paper estimates the causal effect of rural-urban migration on urban production in China. We use longitudinal data on manufacturing firms between 2001 and 2006 and exploit exogenous variation in rural-urban migration due to agricultural price shocks. Following a migrant inflow, labor costs...
Persistent link: https://www.econbiz.de/10011955657
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Urban shrinkage in Eastern Germany
Bartholomae, Florian W.; Nam, Chang-woon; Schoenberg, … - 2015
This paper questions the widely applied parallelism of demographic and economic development in characterizing urban shrinkage in Germany, and argues that the usage of population change as a single indicator leads to incorrect policy recommendations for combating urban shrinkage. As the cases of...
Persistent link: https://www.econbiz.de/10010479355
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Brown growth, green growth, and the efficiency of urbanization
Quaas, Martin F.; Smulders, Sjak - 2012
We analyze the efficiency of urbanization patterns in a stylized dynamic model of urban growth with three sectors of …'). If, however, production becomes cleaner over time ('green growth') the equilibrium urbanization path reaches the … efficient urbanization path after finite time without need of a coordinating mechanism. The results may be generalized to take …
Persistent link: https://www.econbiz.de/10009688520
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A threshold model of urban development
Vesperoni, Alberto; Schweinzer, Paul - 2018
through accessible data sets. Our predictions include an U-shaped relationship between the well-known measures of urbanization …
Persistent link: https://www.econbiz.de/10011927895