Showing 11 - 20 of 27
and migratory flows intensity. The most relevant results are the existence of income convergence over time between high …
Persistent link: https://www.econbiz.de/10013211699
convergence within and across countries. Regional growth is shaped by similar factors as national growth, such as geography and … human capital. Regional convergence is about 2.5% per year, not more than 1% per year faster than convergence between … countries. Regional convergence is faster in richer countries, and countries with better capital markets. A calibration of a …
Persistent link: https://www.econbiz.de/10013035755
regions. On the one hand, diminishing returns to specialization in a location can result in a convergence effect: the growth … available data from the US Cluster Mapping Project to disentangle the impact of convergence at the region-industry level from … agglomeration within clusters. We find that, after controlling for the impact of convergence at the narrowest unit of analysis …
Persistent link: https://www.econbiz.de/10013036681
We examine impacts of market integration on the development of American manufacturing, as railroads expanded through the latter half of the 19th century. Using new county-by-industry data from the Census of Manufactures, we estimate substantial impacts on manufacturing productivity from relative...
Persistent link: https://www.econbiz.de/10012857672
Three of the most important recent facts in global macroeconomics -- the sustained rise in the US current account deficit, the stubborn decline in long run real rates, and the rise in the share of US assets in global portfolio -- appear as anomalies from the perspective of conventional wisdom...
Persistent link: https://www.econbiz.de/10012767437
Chinese rural industry has grown three times faster than national GDP, surpassing agriculture in size in 1987, and now nearing half of the total Chinese economy. We use a rich, new county-level data set to explore this dramatic growth. We find that a Cobb-Douglas production function explains...
Persistent link: https://www.econbiz.de/10012752888
U.S. county data for the last 20 or 30 years show that manufacturing employment has been deconcentrating. In contrast, the service sector exhibits concentration in counties with intermediate levels of employment. This paper presents a theory where local sectoral growth is driven by technological...
Persistent link: https://www.econbiz.de/10012755347
This paper examines the historical impact of railroads on the American economy. Expansion of the railroad network may have affected all counties directly or indirectly - an econometric challenge that arises in many empirical settings. However, the total impact on each county is captured by...
Persistent link: https://www.econbiz.de/10013079206
China urbanization is associated with both increases in per-capita income and greenhouse gas emissions. This paper uses micro data to rank 74 major Chinese cities with respect to their household carbon footprint. We find that the "greenest" cities based on this criterion are Huaian and Suqian...
Persistent link: https://www.econbiz.de/10013095236
Previous work on transportation investments has focused on average impacts in high- and middle-income countries. We estimate average and heterogeneous effects in a poor continent, Africa, using roads and cities data spanning 50 years in 39 countries. Using changes in market access due to distant...
Persistent link: https://www.econbiz.de/10013306634