Showing 1 - 10 of 31
Since 1980, US wage growth has been fastest in large cities. Empirically, we show that most of this urban-biased growth reflects wage growth at large Business Services firms, which are also the most intensive users of information and communications technology (ICT) capital in the US economy. We...
Persistent link: https://www.econbiz.de/10013388871
This paper proposes a methodology for measuring the spatial effects of roads and the seats of local authorities on the diffusion of business activity, which usually follows distance decay patterns from core to periphery. Regional development policies, pursued by regional authorities, directed at...
Persistent link: https://www.econbiz.de/10010228510
How much of the spatial distribution of economic activity today is determined by history rather than by geographic fundamentals? And if history matters for the distribution, does it also affect overall efficiency? This paper develops a tractable theoretical and empirical framework that aims to...
Persistent link: https://www.econbiz.de/10012482278
This paper examines the relationship between the structure of banking markets and economic growth using a new dataset on manufacturing industry-level growth rates and banking market concentration for U.S. states during 1899-1929--a period when the manufacturing sector was expanding rapidly and...
Persistent link: https://www.econbiz.de/10012462942
For the past generation scholars have emphasized that the Lower South was one of the most economically successful regions of British mainland North America, and perhaps the most successful. Planters, the primary economic actors, made extensive use of slave labor and created a successful...
Persistent link: https://www.econbiz.de/10012466624
The paper first assesses regional and ethnic group differences in social trust and memberships in both Canada and the United States. The ethnic categories people choose to describe themselves are as important as regional differences, but much less important than education, in explaining...
Persistent link: https://www.econbiz.de/10012472965
Several recent studies have examined the tendency of regions within a nation to exhibit long-term convergence in per … capita income levels. Barro and Sala-i-Martin (1991, 1992, 1995) have found a tendency towards convergence among the U … convergence among the provinces of China during the period 1952-1993. We find that real income convergence of provinces in China …
Persistent link: https://www.econbiz.de/10012473452
We examine the relationship between urban characteristics in 1960 and urban growth (income and population) between 1960 and 1990. Our major findings are that income and population growth move together and both types of growth are (1) positively related to initial schooling, (2) negatively...
Persistent link: https://www.econbiz.de/10012473880
National, state, and local policy makers have increasingly focused their attention on policies toward economic growth, especially efforts to raise the rate of investment. Recent studies of economic growth have raised a debate over the role played by the investment rate in the long-run...
Persistent link: https://www.econbiz.de/10012474826
We examine the golden age of U.S. innovation by undertaking a major data collection exercise linking historical U.S. patents to state and county-level aggregates and matching inventors to Federal Censuses between 1880 and 1940. We identify a causal relationship between patented inventions and...
Persistent link: https://www.econbiz.de/10012455633