The paper presents a multiregional endogenous growth model designed for calibration with real world data and for numerical policy evaluation. It integrates four strands of research: (1) the Ramsey model of consumer behaviour, (2) Tobin's q-theory of investment, (3) Romer's theory of endogenous...

I document novel stylized facts on learning and its relationship with population density, using Japanese survey data that provide distinctively rich first-hand information about the frequency, purpose, subject, and method of off-the-job learning. First, people learn more frequently in denser...

In this paper, we introduce a distinction between interregional and intraregional transportation costs, in a footloose capital model. This allows assessing more precisely the effects of different types of transport policies, on the spatial distribution of activities. From a normative point of...

This paper introduces a model of localised competition and technological adoption that produces interesting geographical adoption patterns: Persistent asymmetry, where nobody adopts, Leapfrogging where only followers adopt, Forging ahead where only leaders adopt and Catching up where everybody...

Spatial and transport planners, authorities, real estate developers, investors, re-locating residents and businesses have different questions related to space and transport. These questions may concern specific land parcels, or cover a much larger area such as a city, a region, or even a whole...

Indonesia is beset by uneven regional resource endowment and interregional income inequalities. Kataoka (2011) concluded that these are largely determined by the labor productivity differential, using the Duro and Esteban (1998) inequality decomposition approach. We empirically explored the...

We examine whether renter protection encourages entrepreneurship by reducing household vulnerability in home-rental markets. Passages of just cause eviction ordinance in three Californian cities are associated with a 9.6% increase in the number of new firms, and the increase is greater for firms...

Systemic risk must include the housing market, though economists have not generally focused on it. We begin construction of an agent-based model of the housing market with individual data from Washington, DC. Twenty years of success with agent-based models of mortgage prepayments give us hope...

We exploit the public good attributes of information and communication technologies (ICTs) and theoretically analyze an aggregate economy of two smart cities in which ICTs are provided in either a decentralized or a centralized manner. We first determine the efficient ICT levels that maximize...

We exploit the public good attributes of information and communication technologies (ICTs) and theoretically analyze an aggregate economy of two smart cities in which ICTs are provided in either a decentralized or a centralized manner. We first determine the efficient ICT levels that maximize...