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In light of the United Nations' (UN) latest urbanization projections, par- ticularly with respect to India and the … People's Republic of China, a good understanding is needed of what drives aggregate urbanization trends. Yet, previous … Urbanization Prospects, we use an instrumental variables approach to identify and analyze key urbanization determinants. We …
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We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...
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Industrialization occupies a central place in the rich tapestry of development theory and practice. Although that place has varied over time, many have agreed with Nicholas Kaldor that the kind of economic growth that leads to high real income per capita can only occur through industrialization....
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