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Desmet, Klaus - 2012

U.S. county data for the last 20 or 30 years show that manufacturing employment has been deconcentrating. In contrast, the service sector exhibits concentration in counties with intermediate levels of employment. This paper presents a theory where local sectoral growth is driven by technological...

Persistent link: https://www.econbiz.de/10012755347

Railroads, Reallocation, and the Rise of American Manufacturing

Hornbeck, Richard - 2019

We examine impacts of market integration on the development of American manufacturing, as railroads expanded through the latter half of the 19th century. Using new county-by-industry data from the Census of Manufactures, we estimate substantial impacts on manufacturing productivity from relative...

Persistent link: https://www.econbiz.de/10012857672

Place-Based Policies for Development

Duranton, Gilles - 2018

Many development policies, such as placement of infrastructure or local economic development schemes, are “place-based.” Such policies are generally intended to stimulate private sector investment and economic growth in the treated place, and as such they are difficult to appraise and...

Persistent link: https://www.econbiz.de/10012920362

Economic Gains for U.S. States from Educational Reform

Hanushek, Eric A. - 2015

There is limited existing evidence justifying the economic case for state education policy. Using newly-developed measures of the human capital of each state that allow for internal migration and foreign immigration, we estimate growth regressions that incorporate worker skills. We find that...

Persistent link: https://www.econbiz.de/10013010721

The Rise of American Ingenuity : Innovation and Inventors of the Golden Age

Akcigit, Ufuk - 2017

We examine the golden age of U.S. innovation by undertaking a major data collection exercise linking historical U.S. patents to state and county-level aggregates and matching inventors to Federal Censuses between 1880 and 1940. We identify a causal relationship between patented inventions and...

Persistent link: https://www.econbiz.de/10012965422

Growth in Regions

Gennaioli, Nicola - 2015

convergence within and across countries. Regional growth is shaped by similar factors as national growth, such as geography and … human capital. Regional convergence is about 2.5% per year, not more than 1% per year faster than convergence between … countries. Regional convergence is faster in richer countries, and countries with better capital markets. A calibration of a …

Persistent link: https://www.econbiz.de/10013035755

The Direct and Indirect Effects of Small Business Administration Lending on Growth : Evidence from U.S. County-Level Data

Young, Andrew T. - 2014

Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...

Persistent link: https://www.econbiz.de/10013046172

Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America

Allcott, Hunt - 2014

Do natural resources benefit producer economies, or is there a “Natural Resource Curse,”0 perhaps as the crowd-out of manufacturing productivity spillovers reduces long-term growth? We combine new data on oil and gas endowments with Census of Manufactures microdata to estimate how oil and...

Persistent link: https://www.econbiz.de/10013047033

Persistence and Path Dependence in the Spatial Economy

Allen, Treb; Donaldson, Dave - 2022

How much of the spatial distribution of economic activity today is determined by history rather than by geographic fundamentals? And if history matters for the distribution, does it also affect overall efficiency? This paper develops a tractable theoretical and empirical framework that aims to...

Persistent link: https://www.econbiz.de/10014090933

What Do Business Climate Indexes Teach Us About State Policy and Economic Growth?

Kolko, Jed - 2011

State business climate indexes capture state policies that might affect economic growth. State rankings in these indexes vary wildly, raising questions about what the indexes measure and which policies are important for growth. Indexes focused on productivity do not predict economic growth,...

Persistent link: https://www.econbiz.de/10013126214