Davis, Morris A.; Fisher, Jonas D. M.; Whited, Toni M. - 2010
agglomeration on per capita consumption growth. Agglomeration affects growth through the density of economic activity: higher … empirically, firms economize on land. This behavior increases density and contributes to growth. They use a panel of U.S. cities … and our model's predicted relationship among wages, output prices, housing rents, and labor quality to estimate the net …