Showing 1 - 10 of 574
Are the well-known facts about urbanization in the United States also true for the developing world? We compare … 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 …
Persistent link: https://www.econbiz.de/10012998418
This paper explores the contribution of the structural transformation and urbanization process to China's housing …
Persistent link: https://www.econbiz.de/10012947649
China's fast economic growth over the past 40 years has been accompanied by an increasingly rapid rate of urbanization … generally believed to be a dominant driving force. Motivated by a recent finding of a high housing vacancy rate in urban China …, but not to the change of night-time light. These results suggest that an inaccurate account of urbanization is an …
Persistent link: https://www.econbiz.de/10014102562
The path of income inequality in post-reform China has been widely interpreted as “China’s Kuznets curve.” We show that … the Kuznets growth model of structural transformation in a dual economy, alongside population urbanization, has little … agrarian policy reforms. Our findings warn against any presumption that the Kuznets process will assure that China has passed …
Persistent link: https://www.econbiz.de/10014358039
China urbanization is associated with both increases in per-capita income and greenhouse gas emissions. This paper uses … suggests that current regional economic development policies that bolster the growth of China's northeastern cities are likely … China's cities …
Persistent link: https://www.econbiz.de/10013095236
In Beijing, the metropolitan government has made enormous place based investments to increase green space and to improve public transit. We examine the gentrification consequences of such public investments. Using unique geocoded real estate and restaurant data, we document that the construction...
Persistent link: https://www.econbiz.de/10013125912
In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000 …
Persistent link: https://www.econbiz.de/10013075346
allocation. We develop a two-stage estimation approach and apply it to China's loan-level data that covers all sectors in the …
Persistent link: https://www.econbiz.de/10013289458
Municipal bonds are often "advance refunded." Bonds that are not yet callable are defeased by creating a trust that pays the interest up to the call date, and pays the call price. New debt, generally at lower interest rates, is issued to fund the trust. Issuing new securities generally has zero...
Persistent link: https://www.econbiz.de/10013075855
This paper presents a model of debt finance at the sub-national level from which municipal bond supply equations are derived. Federal tax considerations are shown to be important determinants of the price entering the bond supply equation. Using data on 40 state governments over a seven year...
Persistent link: https://www.econbiz.de/10012777116