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Liaisons Dangereuses : Increasing Connectivity, Risk Sharing, and Systemic Risk
Battiston, Stefano - 2010
We characterize the evolution over time of a network of credit relations among financial agents as a system of coupled … network of liabilities among agents. The average level of risk diversification of the agents coincides with the density of … links in the network. In addition to a process of diffusion of financial distress, we also consider a discrete process of …
Persistent link: https://www.econbiz.de/10013149415
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Reinventing Boston : 1640-2003
Glaeser, Edward L. - 2021
The three largest cities in colonial America remain at the core of three of America's largest metropolitan areas today. This paper asks how Boston has been able to survive despite repeated periods of crisis and decline. Boston has reinvented itself three times: in the early 19th century as the...
Persistent link: https://www.econbiz.de/10013233778
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Place-Based Policies
Neumark, David - 2014
Place-based policies commonly target underperforming areas, such as deteriorating downtown business districts and disadvantaged regions. Principal examples include enterprise zones, European Union Structural Funds, and industrial cluster policies. Place-based policies are rationalized by various...
Persistent link: https://www.econbiz.de/10013055493
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Local Economic Development, Agglomeration Economies, and the Big Push : 100 Years of Evidence from the Tennessee Valley Authority
Kline, Patrick - 2014
We study the long run effects of one of the most ambitious regional development programs in U.S. history: the Tennessee Valley Authority (TVA). Using as controls authorities that were proposed but never approved by Congress, we find that the TVA led to large gains in agricultural employment that...
Persistent link: https://www.econbiz.de/10013063298
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The Efficacy of Parochial Politics : Caste, Commitment, and Competence in Indian Local Governments
Munshi, Kaivan D. - 2010
Parochial politics is typically associated with poor leadership and low levels of public good provision. This paper explores the possibility that community involvement in politics need not necessarily worsen governance and, indeed, can be efficiency-enhancing when the context is appropriate....
Persistent link: https://www.econbiz.de/10012758392
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Assessing the Incidence and Efficiency of a Prominent Place Based Policy
Busso, Matias - 2010
This paper empirically assesses the incidence and efficiency of Round I of the federal urban Empowerment Zone (EZ) program using confidential microdata from the Decennial Census and the Longitudinal Business Database. To ground our welfare analysis, we develop a heterogeneous agent general...
Persistent link: https://www.econbiz.de/10013142084
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The Long-Run Effects of Sports Club Vouchers for Primary School Children
Marcus, Jan; Siedler, Thomas; Ziebarth, Nicolas R. - 2023
Starting in 2009, the German state of Saxony distributed sports club membership vouchers among all 33,000 third graders … carried out a large register-based survey among several cohorts in Saxony and two neighboring states. Our difference …
Persistent link: https://www.econbiz.de/10014358936
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Who Offers Tax-Based Business Development Incentives?
Felix, R. Alison - 2011
Many American communities seek to attract or retain businesses with tax abatements, tax credits, or tax increment financing of infrastructure projects (TIFs). The evidence for 1999 indicates that communities are most likely to offer one or more of these business development incentives if their...
Persistent link: https://www.econbiz.de/10013119961
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The Demand for, and Consequences of, Formalization Among Informal Firms in Sri Lanka
de Mel, Suresh - 2014
We conduct a field experiment in Sri Lanka providing informal firms incentives to formalize. Information about the registration process and reimbursement of direct costs has no effect. Payments equivalent to one-half to one month (alternatively, 2 months) of the median firm's profits leads to...
Persistent link: https://www.econbiz.de/10013066187
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The Causal Effects of an Industrial Policy
Criscuolo, Chiara - 2014
Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro-econometric evaluation of their causal effects is rare. We exploit multiple changes in the area-specific eligibility criteria for a major program to support manufacturing jobs...
Persistent link: https://www.econbiz.de/10013066602