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Cities can be thought of as the absence of physical space between people and firms. As such, they exist to eliminate transportation costs for goods, people and ideas and transportation technologies dictate urban form. In the 21st century, the dominant form of city living is based on the...
Persistent link: https://www.econbiz.de/10012468965
This paper models and examines empirically the evolution of cities in an economy. Twentieth century evolution in the USA is characterized by parallel growth of cities of different types and on-going entry of new cities, together maintaining a stable relative size distribution of cities. Each...
Persistent link: https://www.econbiz.de/10012472810
The fast and often chaotic urbanization of the developing world generates both economic opportunity and challenges …
Persistent link: https://www.econbiz.de/10012480334
The 1990s were an unusually good decade for the largest American cities and, in particular, for the cities of the Midwest. However, fundamentally urban growth in the 1990s looked extremely similar to urban growth during the prior post-war decades. The growth of cities was determined by three...
Persistent link: https://www.econbiz.de/10012470363
The downsides of density, including traffic congestion, contagious disease and crime, were common in Victorian London and classical Rome, just as they are today in Sao Paulo and Lagos. Our urban past provides lessons for developing world cities today. The first lesson, that I highlight, is that...
Persistent link: https://www.econbiz.de/10012533363
Are the well-known facts about urbanization in the United States also true for the developing world? We compare …
Persistent link: https://www.econbiz.de/10012456671
Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils interpretation. Chinitz (1961) hypothesized that coal mines near...
Persistent link: https://www.econbiz.de/10012460330
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/10012480535
This paper examines city formation in a country whose urban population is growing steadily over time, with new cities required to accommodate this growth. In contrast to most of the literature there is immobility of housing and urban infrastructure, and investment in these assets is taken on the...
Persistent link: https://www.econbiz.de/10012464877
existence of cities, and aggregate constant returns, implied by balanced growth. To address this tension, we develop a theory of … described by a power distribution with coefficient one: Zipf's Law. Under certain assumptions our theory produces Zipf's Law …
Persistent link: https://www.econbiz.de/10012467423