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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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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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