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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
We find that a firm's investment is highly sensitive to the investments of other firms headquartered nearby, even those in very different industries. It also responds to fluctuations in the cash flows and stock prices (q) of local firms outside its sector. These patterns do not appear to reflect...
Persistent link: https://www.econbiz.de/10013049693
American cities have experienced a remarkable renaissance over the past 40 years, but in recent years, cities have experienced considerable discontent. Anger about high housing prices and gentrification has led to protests. The urban wage premium appears to have disappeared for less skilled...
Persistent link: https://www.econbiz.de/10013322897
The fast and often chaotic urbanization of the developing world generates both economic opportunity and challenges …
Persistent link: https://www.econbiz.de/10012860843
We develop an urban growth model where human capital spillovers foster entrepreneurship and learning in heterogenous cities. Incumbent residents limit city expansion through planning regulations so that commuting and housing costs do not outweigh productivity gains. The model builds on strong...
Persistent link: https://www.econbiz.de/10012857674
higher in developing-world cities than in rural areas, and historically urbanization is strongly correlated with economic … growth. Education seems to be a strong complement to urbanization, and entrepreneurial human capital correlates strongly with …
Persistent link: https://www.econbiz.de/10012960162
We quantify the role of financial frictions and the initial misallocation of resources in explaining development dynamics. Following a reform that triggers efficient reallocation of resources, our model economy with financial frictions converges slowly to the new steady state--it takes twice as...
Persistent link: https://www.econbiz.de/10013069222
to the city each year, China is experiencing the largest internal migration in the human history. Using instrumental … variables in the 2006 China Agricultural Census, we find that a 10-percentage-point increase in the migration rate of co …
Persistent link: https://www.econbiz.de/10013148663
then used to evaluate how changes to city migration policies and land supply regulations affect the speed of urbanization … uniform would promote urbanization but also would contribute to larger house price dispersion …
Persistent link: https://www.econbiz.de/10014091111
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