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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...
Persistent link: https://www.econbiz.de/10011342399
The emergence of slums is a common feature in a country's path towards urbanization, structural transformation and …
Persistent link: https://www.econbiz.de/10011585843
change and urbanization, the two common features of modern economic growth. I examine this particular mechanism in the … mean reversion in population growth, eventually leading to urbanization. My results support the view that railroad network …
Persistent link: https://www.econbiz.de/10011638910
labour structural transformation from agriculture to non-agriculture as well as on urbanization, with a specific focus on … Although SPK4-01 titling alone is found to have no significant effect on urbanization, its impact depends significantly on … within-province transport infrastructure. More specifically, rural land right security increases urbanization more in …
Persistent link: https://www.econbiz.de/10009530934
An important stylized fact about African economic development is the phenomenon of urbanization without structural …
Persistent link: https://www.econbiz.de/10015053974
Implementation of economic reforms in India has not only stimulated economic growth but also brought tremendous changes in nature and structure of rural economy as well. The study empirically measures the pattern and extent of rural transformation in India, witnessed during the first decade of...
Persistent link: https://www.econbiz.de/10012988175
Using the framework of Desmet and Rossi-Hansberg (2009), we present a model of spatial takeoff that is calibrated using spatially-disaggregated occupational data for England in c.1710. The model predicts changes in the spatial distribution of agricultural and manufacturing employment which match...
Persistent link: https://www.econbiz.de/10010945618
Persistent link: https://www.econbiz.de/10014464947
Many successful examples of economic development, such as South Korea, exhibit long periods of sustained capital accumulation. This process is characterized by a gradually rising investment rate along with a moderate rate of return to capital, both of which are strongly at odds with the standard...
Persistent link: https://www.econbiz.de/10013089370
Persistent link: https://www.econbiz.de/10013167025