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Desmet, Klaus - 2012

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 … dependence in growth rates. Young industries exhibit non-monotone relationships between employment levels and growth rates, while …

Persistent link: https://www.econbiz.de/10012755347

Macroeconomic Policy and Institutions During the Transition to European Union Membership

Branson, William H.; Macedo, Jorge Braga de; Hagen, … - 2021

membership (Czech Republic, Hungary, Poland, and Slovakia). A Multi-Annual Fiscal Adjustment Strategy (MAFAS) and a Pre …

Persistent link: https://www.econbiz.de/10013225816

Property Rights and Finance

Johnson, Simon; McMillan, John; Woodruff, Christopher - 2021

Which is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, we find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available....

Persistent link: https://www.econbiz.de/10013213059

How Collateral Laws Shape Lending and Sectoral Activity

Calomiris, Charles W. - 2016

favor immovable-based production. An analysis of Slovakia's collateral law reform confirms our findings …

Persistent link: https://www.econbiz.de/10013000520

The Rise of American Ingenuity : Innovation and Inventors of the Golden Age

Akcigit, Ufuk - 2017

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/10012965422

Place-Based Policies for Development

Duranton, Gilles - 2018

Many development policies, such as placement of infrastructure or local economic development schemes, are “place-based.” Such policies are generally intended to stimulate private sector investment and economic growth in the treated place, and as such they are difficult to appraise and...

Persistent link: https://www.econbiz.de/10012920362

Congressional Distributive Politics and State Economic Performance

Levitt, Steven D.; Poterba, James M. - 2021

This paper tests several theories of the effects of congressional representation on state economic growth. States that were represented by very senior Democratic congressmen grew more quickly during the 1953-1990 period than states that were represented by more junior congressional delegations....

Persistent link: https://www.econbiz.de/10013226176

Endogenous Growth, Public Capital, and the Convergence of Regional Manufacturing Industries

Hulten, Charles R.; Schwab, Robert M. - 2021

Several explanations can be offered for the unbalanced growth of U.S. regional manufacturing industries in the decades after World War II. The convergence hypothesis suggests that the success of the South in catching up to the Northeast and Midwest should be understood by analogy with the...

Persistent link: https://www.econbiz.de/10013226177

Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets

Mitchener, Kris - 2010

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/10013148371

On the Road : Access to Transportation Infrastructure and Economic Growth in China

Banerjee, Abhijit V. - 2014

This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a twenty-period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact that these networks tend to connect historical cities....

Persistent link: https://www.econbiz.de/10013066520