We analyze the impacts of capital market integration on the skill composition of labor, using a framework in which heterogeneous agents decide to invest in the acquisition of skills and where production exhibits increasing returns in the available skill range (i.e., capital-skill complementarity).

We study how density (dis)economies in interregional transportation influence location patterns in a standard new economic geography model. Density economies may well delay the occurrence of agglomeration when compared to the case without such economies, while agglomeration is both more likely...

We analyze the impacts of capital market integration on the skill composition of labor, using a framework in which heterogeneous agents decide to invest in the acquisition of skills and where production exhibits increasing returns in the available skill range (i.e., capital-skill complementarity).

We study how density (dis)economies in interregional transportation influence location patterns in a standard new economic geography model. Density economies may well delay the occurrence of agglomeration when compared to the case without such economies, while agglomeration is both more likely...

This paper formulates a weighted regression approach to analyze the impact of dynamic MAR- and Jacobs-externalities on local employment growth in Germany between 1993 and 2001. We find that Jacobs-externalities matter both in manufacturing, and service industries. MAR-externalities are present...

This paper formulates a weighted regression approach to analyze the impact of dynamic MAR- and Jacobs-externalities on local employment growth in Germany between 1993 and 2001. We find that Jacobs-externalities matter both in manufacturing, and service industries. MAR-externalities are present...