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Natural advantages determine where agglomerations emerge. Also, efficiency and economies of scale determine how many agglomerations subsist and how they interact, forming complex urban hierarquies. Moreover, physical characteristics influence the way humans divide land into irregular parcels we...
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The effects of inequality on economic growth depend on several factors. On one hand, they depend on the time horizon … considered, on the initial level of income and on its initial distribution. But, on the other hand, as growth and inequality are … activity. Moreover, it seems relevant to consider not only the levels of inequality and agglomeration, but also their change …
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We analyze inefficiency and inequality associated with the use of creative capital to produce a final good in a … application of effort. Second, we define an indicator of inequality and show that an increase in inequality enhances efficiency … income inequality in cities and regions in which the activities of the creative class constitute a large part of all economic …
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