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Meta-rules, or rules for making rules, determine the costs of innovation and thus the pace of economic growth. Adapting … rules to a changing economic environment through explicit, well-designed meta-rules makes economic growth quicker, less …
Persistent link: https://www.econbiz.de/10005118854
and governmental circles. Two forms of risk regulation, namely risk based regulation and meta regulation are considered … discussing the importance of meta regulation in jurisdictions such as Germany, Italy and the US. The preference for meta … in several jurisdictions. Whilst meta regulation also has its disadvantages, the impact of risk based regulation on the …
Persistent link: https://www.econbiz.de/10008559026
stakeholders in the sector. Findings Luxury yachting (tourism) can be considered as a meta economic sector because luxury yachting … other topics. For this reason, the article refers to luxury yachting as a meta-sector of the economy and a field of research.  …
Persistent link: https://www.econbiz.de/10015037913
that luxury yachting as a specific and unique sector of tourism, which presents itself as a meta economic sector, is …
Persistent link: https://www.econbiz.de/10015037917
We discuss theoretical approaches to study the relationship between the size distribution of a nation's cities and macroeconomic growth. The discussion is based on the hypothesis of the New Growth Theory that inter-personal spillovers of education and skills determine the long-run growth of the...
Persistent link: https://www.econbiz.de/10010295615
Die Größenstruktur der deutschen Städte folgt so wie in vielen anderen Ländern einer strengen Gesetzmäßigkeit: dem Zipfschen Gesetz. Es gibt starke Hinweise, dass dieses Zipfsche Gesetz nicht nur auf nationaler Ebene gilt, sondern auch auf der Ebene von Bundesländern und teilweise sogar...
Persistent link: https://www.econbiz.de/10010302108
Mixed commercial and residential land use is observed in most cities around the world. This is in contrast to a myriad of bid rent models, which predict that mixed land use does not occur. The main exception are the models by Fujita and Ogawa (1982) and Lucas and Rossi-Hansberg (2002) that...
Persistent link: https://www.econbiz.de/10010326339
Two innovations in the last century have changed dramatically the cost of communicating and transmitting information: The first is the widespread adoption of telephony; the second is the internet. We study the implications of these changes in ICT for urban structure. We find robust evidence that...
Persistent link: https://www.econbiz.de/10010264169
The confluence of factors driving urban growth is highly complex, resulting from a combination of ecological and social determinants that co-evolve over time and space. Identifying these factors and quantifying their impact necessitates models that capture both why urbanization happens as well...
Persistent link: https://www.econbiz.de/10010264714
In this paper we show that the recent model by Duranton (AER, 2007) performs remarkably well in replicating the city size distribution of West Germany, much better than the simple rank-size rule known as Zipf's law. The main mechanism of this theoretical framework is the churning of industries...
Persistent link: https://www.econbiz.de/10010268247