Barr, Jason; Mizrach, Bruce; Mundra, Kusum - In: Applied Economics 47 (2015) 2, pp. 148-160
This article is the first to rigorously test how skyscraper height and output co-move. Because builders can use their buildings for nonrational or nonpecuniary gains, it is widely believed that height competition occurs near the business cycle peaks. This would suggest that extreme building...