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 … effect of agglomeration on local wages. The impact of agglomeration on the level of wages is estimated to be 2 percent …. Combined with their model and observed increases in land prices, this estimate implies that agglomeration raises per capita …