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, where education increases the level of entrepreneurship. Human capital spillovers occur at the city level because skilled … productivity or entrepreneurship, not with growth in quality of life, at least outside of theWest. We also find that skills seem to …
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"The economic approach to cities relies on a spatial equilibrium for workers, employers and builders. The worker's equilibrium implies that positive attributes in one location, like access to downtown or high wages, are offset by negative attributes, like high housing prices. The employer's...
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