If the technological revolution which has taken place over the past decades has lowered information costs and if information costs increase in distance, distance should - ceteris paribus - become less important in determining international bank lending. We are using a dataset on assets and...

Using a natural experiment from Germany, we show that temporary place-based subsidies generate persistent effects on economic density. We identify employment and capital formation as main channels for higher income per square kilometer. As the spatial regression discontinuity design allows us to...

Russia has 11 economic regions - areas that differ from one another in their specialization, a special place in the geographical division of labor. However, the economic zoning of Russia, played a great role in the development of the economic potential of the USSR, largely out of date. Many...