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Cities experience significant, near random walk productivity shocks, yet population is slow to adjust. In practise local population changes are dominated by variation in net migration, and we argue that understanding gross migration is essential to quantify how net migration may slow population...
Persistent link: https://www.econbiz.de/10010211017
Most economic activity occurs in cities. This creates a tension between local increasing returns, implied by the existence of cities, and aggregate constant returns, implied by balanced growth. To address this tension, we develop a general equilibrium theory of economic growth in an urban...
Persistent link: https://www.econbiz.de/10012720466
Cities exist because of the productivity gains arising from clustering production and workers, a process called agglomeration. How important is agglomeration for aggregate growth? This paper constructs a dynamic stochastic general equilibrium model of cities and uses it to estimate the effect of...
Persistent link: https://www.econbiz.de/10014198993
Cities exist because of the productivity gains arising from clustering production and workers, a process called agglomeration. How important is agglomeration for aggregate growth? This paper constructs a dynamic stochastic general equilibrium model of cities and uses it to estimate the effect of...
Persistent link: https://www.econbiz.de/10013134020
The new century opened with an unprecedented declaration of solidarity and determination to rid the world of poverty. In 2000 the UN Millennium Declaration, adopted at the largest-ever gathering of heads of state, committed countries — rich and poor — to doing all they can to eradicate...
Persistent link: https://www.econbiz.de/10008467207
Accommodating people’s growing demands for their inclusion in society, for respect of their ethnicity, religion, and language, takes more than democracy and equitable growth. Also needed are multicultural policies that recognize differences, champion diversity and promote cultural freedoms, so...
Persistent link: https://www.econbiz.de/10008467208
The 1998 Report investigates the 20th century's growth in consumption, unprecedented in its scale and diversity. The benefits of this consumption have spread far and wide. More people are better fed and housed than ever before. Living standards have risen to enable hundreds of millions to enjoy...
Persistent link: https://www.econbiz.de/10008467209
Human Development, if not engendered, is endangered. That is the simple but far-reaching message of Human Development Report 1995. The Report analyses the progress made in reducing gender disparities in the past few decades, highlighting the wide and persistent gap between women's expanding...
Persistent link: https://www.econbiz.de/10008467210
The lack of political commitment, not of financial resources, is often the real cause of human neglect. This is the main conclusion of Human Development Report 1991- the second in a series of annual reports on the subject. The Report points to an enormous potential for restructuring of both...
Persistent link: https://www.econbiz.de/10008467211
Human rights and human development share a common vision and a common purpose—to secure, for every human being, freedom, well-being and dignity. Divided by the cold war, the rights agenda and development agenda followed parallel tracks. Now converging, their distinct strategies and traditions...
Persistent link: https://www.econbiz.de/10008467212