Coşar, A. Kerem; Demir, Banu; Ghose, Devaki; Young, … - National Bureau of Economic Research - 2021
transactions, we estimate a large positive impact of reduced travel times on trade as well as local manufacturing employment and … wages. A quantitative exercise using a workhorse model of spatial equilibrium implies heterogeneous effects across locations … employment-to-population ratio but had no effect on local population. We extend the model by endogenizing the labor supply …