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convergence among the provinces of China during the period 1952-1993. We find that real income convergence of provinces in China … coastal and interior provinces, rather than increase in variance within each other. Therefore, it seems that China is now on a …
Persistent link: https://www.econbiz.de/10013233027
We use a newly assembled sample of 1,503 regions from 82 countries to compare the speed of per capita income 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,...
Persistent link: https://www.econbiz.de/10013035755
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/10014090933
There is limited existing evidence justifying the economic case for state education policy. Using newly-developed measures of the human capital of each state that allow for internal migration and foreign immigration, we estimate growth regressions that incorporate worker skills. We find that...
Persistent link: https://www.econbiz.de/10013010721
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/10013230786
-Fraumeni human capital measurement framework and modify it to estimate provincial level human capital in China. We produce a …
Persistent link: https://www.econbiz.de/10012976986
American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem … to hold as well in Brazil as in the U.S., but China and India look quite different. In Brazil and China, the implications … correlation between density and earnings is stronger in both China and India than in the U.S., strongest in China. In India the …
Persistent link: https://www.econbiz.de/10012998418
Over the past 30 years, the share of adult populations with college degrees increased more in cities with higher initial schooling levels than in initially less educated places. This tendency appears to be driven by shifts in labor demand as there is an increasing wage premium for skilled people...
Persistent link: https://www.econbiz.de/10013210612
This paper presents a model where human capital differences - rather than technology differences - can explain several central phenomena in the world economy. The results follow from the educational choices of workers, who decide not just how long to train, but also how broadly. A quot;knowledge...
Persistent link: https://www.econbiz.de/10012751445
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10013046172