Urban development thrives from technology inflows, which refers to the transfer of high-value technology from various cities to local recipients. The asymmetry of technical information-rooted in the tacit knowledge inherent in technology-mandates that technology transfer is heavily dependent on...

If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic...

Railroad access can accelerate the technological progress in the industrial sector and therefore induce structural change and urbanization, the two common features of modern economic growth. I examine this particular mechanism in the context of Japanese railroad network expansion and modern...

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...

While the worldwide spread of smartphones continues, developing countries have become important markets for these devices. Smartphones’ independence of landline networks qualifies them for communication and Internet access in rural areas of developing countries. Drawing upon rural Southeast...

If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic...

The ongoing European Union sustainable energy transition has a disruptive potential regarding the role of infrastructure and utilities in the electricity sector. The increased spread of digital technologies, renewable energy sources, and prosumers calls for a swift and well-guided adaptation of...

Railroad access can accelerate the technological progress in the industrial sector and therefore induce structural change and urbanization, the two common features of modern economic growth. I examine this particular mechanism in the context of Japanese railroad network expansion and modern...

We study the effect of railroad access on urban population growth. Using GIS techniques, we match triennial population data for roughly 1,000 cities in nineteenth-century Prussia to georeferenced maps of the German railroad network. We find positive short- and long-term effects of having a...

Railroad access may accelerate technological progress in the industrial sector and induce structural change and urbanization - the two common features of modern economic development. By digitizing novel datasets of factories and railroad networks in late 19th- and early 20th-century Japan and...