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existence of cities, and aggregate constant returns, implied by balanced growth. To address this tension, we develop a theory of … described by a power distribution with coefficient one: Zipf's Law. Under certain assumptions our theory produces Zipf's Law …
Persistent link: https://www.econbiz.de/10013233884
equilibrium theory of economic growth in an urban environment. In our theory, variation in the urban structure through the growth … aggregate. We show that, consistent with the data, the theory produces a city size distribution that is well approximated by …
Persistent link: https://www.econbiz.de/10012720466
existence of cities, and aggregate constant returns, implied by balanced growth. To address this tension, we develop a theory of … described by a power distribution with coefficient one: Zipf's Law. Under certain assumptions our theory produces Zipf's Law …
Persistent link: https://www.econbiz.de/10012467423
We provide empirical evidence of the dynamics of city size distribution for the whole of the twentieth century in U.S. cities and metropolitan areas. We focus our analysis on the new cities that were created during the period of analysis. The main contribution of this paper, therefore, is the...
Persistent link: https://www.econbiz.de/10011685285
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In an economy experiencing endogenous economic growth and exogenous population growth, we explore two main themes: how urbanization affects efficiency of the growth process and how growth affects patterns of urbanization. Localized information spillovers promote agglomeration and human capital...
Persistent link: https://www.econbiz.de/10014200219
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