The commonly-used satellite images of nighttime lights fail to capture the true brightness of most cities. We show that night lights are a reliable proxy for economic activity at the city level, provided they are first corrected for top-coding. We present a stylized model of urban luminosity and...

In this article, we investigate the relevance of structural change in country-wide productivity growth considering within-country differences. For this purpose, we propose a two-step decomposition approach that accounts for differences among subnational units. To highlight the relevance of our...

Prior to the early part of the 19th century, China’s economy had long been superior to that of the West’s. The Chinese’s ability to utilize science and technology had been instrumental in leading their enormous population to economic prosperity and for a while, superiority. During the 18th...

This paper seeks the nature of the relationship between Development financing and Economic Growth including case study for the Kazakhstan at different levels: (a) industry level; (b) regional level and (c) intra-regional by industry level. The paper determines the hypotheses, methods and data...

We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

A new urban revolution begun in the second half of the XX century and it is going to challenge the relation between the size and economic role of cities: on one side, the last decades have witnessed the emergence and the never seen growth of a number of Mega-cities, with more than 9 million...

The present paper tries to understand the causes behind the emergence of India‘s large agglomeration (or giant cities) and how these large agglomerations are linked with economic growth. In addition, the distribution of urban economic growth is measured by the estimation of poverty, inequality...

In this article I study regional growth and sub-national income convergence in India in the context of economic reforms that have been undertaken since 1991. I also examine convergence in development inputs such as population growth, literacy and investment at the sub-national level. My results...

This article reviews the literature analysing the importance of infrastructure for economic growth, and performs an econometric estimation to discover the relation between the two variables in the case of Peru. Different estimators are used with panel data from the 24 regions of Peru for the...