Showing 1 - 10 of 10
Virtually all theories of economic growth predict a positive relationship between population size and productivity. In this paper I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. In the aftermath of the Second World War about...
Persistent link: https://www.econbiz.de/10012660007
We construct a model of creative destruction with endogenous firm dynamics. We integrate the theory into a general equilibrium multi-country model of technological convergence where countries interact via international spillovers. We derive implications for both firm dynamics and aggregate...
Persistent link: https://www.econbiz.de/10012660011
Population growth has declined markedly in almost all major economies since the 1970s. We argue this trend has important consequences for the process of firm dynamics and aggregate growth. We study a rich semi-endogenous growth model of firm dynamics, and show analytically that a decline in...
Persistent link: https://www.econbiz.de/10012660102
Empirical researchers often have to map data provided for a "reporting" spatial unit, say counties in 1900, to a "reference" one, say, counties in 2010. We discuss a general method to create such crosswalks: computing the share of the area of each reporting unit nested in a given reference unit....
Persistent link: https://www.econbiz.de/10012479294
In many developing countries today, the structural transformation is a shift of employment out of agriculture into the service sector. By contrast, industrial employment is mostly stagnant. Is the service sector an engine of growth and hence growth service led? Or is its expansion a mere...
Persistent link: https://www.econbiz.de/10012496104
Managerial delegation is essential for firm growth. While firms in poor countries often shun outside managers and instead recruit among family members, the pattern is quite the opposite for firms in rich countries. In this paper, we ask whether these differences in managerial delegation have...
Persistent link: https://www.econbiz.de/10012456767
Trade in intermediate inputs allows firms to lower their costs of production by using better, cheaper, or novel inputs from abroad. Quantifying the aggregate impact of input trade, however, is challenging. As importing firms differ markedly in how much they buy in foreign markets, results based...
Persistent link: https://www.econbiz.de/10012457164
Between 1880 and 1920, the US agricultural employment share fell from 50% to 25%. However, despite aggregate demand shifting away from their sector of specialization, rural labor markets saw faster wage growth and industrialization than non-agricultural parts of the US. We propose a spatial...
Persistent link: https://www.econbiz.de/10013388845
We study the joint process of urbanization and industrialization in the US economy between 1880 and 1940. We show that only a small share of aggregate industrialization is accounted for by the relocation of workers from remote rural areas to industrial hubs like Chicago or New York City....
Persistent link: https://www.econbiz.de/10013537768
We study the importance of firm sorting for spatial inequality. If productive locations are able to attract the most productive firms, then firm sorting acts as an amplifier of spatial inequality. We develop a novel model of spatial firm sorting, in which heterogeneous firms first choose a...
Persistent link: https://www.econbiz.de/10013462686