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Quantitative Spatial Economics
Redding, Stephen J. - 2016
The observed uneven distribution of economic activity across space is influenced by variation in exogenous geographical characteristics and endogenous interactions between agents in goods and factor markets. Until recently, the theoretical literature on economic geography had focused on stylized...
Persistent link: https://www.econbiz.de/10012456025
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The Econometrics of DSGE Models
Fernández-Villaverde, Jesús - 2009
In this paper, I review the literature on the formulation and estimation of dynamic stochastic general equilibrium (DSGE) models with a special emphasis on Bayesian methods. First, I discuss the evolution of DSGE models over the last couple of decades. Second, I explain why the profession has...
Persistent link: https://www.econbiz.de/10012463970
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Propagation and Amplification of Local Productivity Spillovers
Giroud, Xavier; Lenzu, Simone; Maingi, Quinn; Müller, … - National Bureau of Economic Research - 2021
This paper shows that local productivity spillovers propagate throughout the economy through the plant-level networks of multi-region firms. Using confidential Census plant-level data, we show that large manufacturing plant openings not only raise the productivity of local plants but also of...
Persistent link: https://www.econbiz.de/10012599374
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When Cryptomining Comes to Town : High Electricity-use Spillovers to the Local Economy
Benetton, Matteo; Compiani, Giovanni; Morse, Adair - National Bureau of Economic Research - 2023
Cryptomining, the clearing of cryptocurrency transactions, uses large quantities of electricity. We document that cryptominers' use of local electricity implies higher electricity prices for existing small businesses and households. Studying the electricity market in Upstate NY and using the...
Persistent link: https://www.econbiz.de/10014322700
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Winner Takes All? Tech Clusters, Population Centers, and the Spatial Transformation of U.S. Invention
Chattergoon, Brad; Kerr, William R. - National Bureau of Economic Research - 2021
explore the rising spatial concentration of patents and identify an underlying stability in their distribution. Software …. Tech centers also account for a growing share of non-software patents, but the reallocation, by contrast, is entirely from … the five largest population centers in 1980. Non-software patenting is stable for most cities, with anchor tenants like …
Persistent link: https://www.econbiz.de/10012696365
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Foreclosure Spillovers within broad Neighborhoods
Huang, Weiran; Nelson, Ashlyn Aiko; Ross, Stephen L. - National Bureau of Economic Research - 2021
Most evidence on foreclosure spillovers identifies localized effects that are modest in magnitude, but these effects could multiply to larger aggregate effects across broad neighborhoods. We test this proposition developing a proxy for the fraction of mortgages in negative equity during the...
Persistent link: https://www.econbiz.de/10012533400
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Estimating the Impact of Means-tested Subsidies under Treatment Externalities with Application to Anti-Malarial Bednets
Bhattacharya, Debopam - 2013
Regular use of effective health-products such as insecticide-treated mosquito nets (ITN) by a household benefits its neighbors by (a) reducing chances of infection and (b) raising awareness about product-effectiveness, thereby increasing product-use. Due to their potential social benefits and...
Persistent link: https://www.econbiz.de/10012459829
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Exploring Spatial Price Relationships : The Case of African Swine Fever in China
Delgado, Michael S.; Ma, Meilin; Wang, H. Holly - National Bureau of Economic Research - 2021
We use a temporary ban on inter-province shipping of live hogs induced by the 2018 outbreak of African Swine Fever (ASF) in China as a natural experiment to study spatial mechanisms behind the dynamics of market integration. With a unique dataset of weekly provincial hog prices, we employ a...
Persistent link: https://www.econbiz.de/10012616589
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Evaluating State and Local Business Tax Incentives
Slattery, Cailin R. - 2020
This essay describes and evaluates state and local business tax incentives in the United States. In 2014, states spent between $5 and $216 per capita on incentives for firms in the form of firm-specific subsidies and general tax credits, which mostly target investment, job creation, and research...
Persistent link: https://www.econbiz.de/10012479128
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Social Connectedness in Urban Areas
Bailey, Michael - 2019
We use anonymized and aggregated data from Facebook to explore the spatial structure of social networks in the New York metro area. We highlight the importance of transportation infrastructure in shaping urban social networks by showingthat travel time and travel costs are substantially stronger...
Persistent link: https://www.econbiz.de/10012479369