Felkner, John S.; Townsend, Robert M. - In: The Quarterly Journal of Economics 126 (2011) 4, pp. 2005-2061
A nation's economic geography can have an enormous impact on its development. In Thailand, we show that a high concentration of enterprise in an area predicts high subsequent growth in and around that area. We also find spatially contiguous convergence of enterprise with stagnant areas left...