This paper analyzes the effect of agglomeration economies on firms’ total factor productivity. We propose the use of a control function approach to overcome the econometric issue inherent to the two-stage approach commonly used in the literature. Estimations are conducted separately for four...

This paper analyzes the effect of agglomeration economies on firms' total factor productivity. We propose the use of a control function approach to overcome the econometric issue inherent to the two-stage approach commonly used in the literature. Estimations are conducted separately for four...

This study examines the effect of FinTech on economic performance for a panel of 31 provinces in mainland China between 2012 and 2019. The digital financial index compiled by Peking University is used to measure FinTech development. Besides ordinary least squares, we implement instrumental...

We study the presence of capitalization of local fiscal and social policies in house prices. The local property tax and the public utility fees in Bogotá depend on a classification of all blocks in the city into six groups (estratos socioeconómicos) - a redistributive system in which some...

This article studies house-level real estate wealth distribution changes nearby a major interstate highway, comparing values before the announcement of the highway's construction (1940) with those during and shortly after the construction period (1961-74). We also develop Lorenz curves to...

Land use regulations have been pursued by many governments around the world. When making land development policies for cities that feature high population density and limited land supply, one question looms large: where and how much to build across different localities of a city? To answer this...

This study examines the dynamic change in the regional e-commerce transactions divides in China from 2013 to 2019 using convergence analysis methods. We use population-adjusted annual e-commerce transaction data from 31 provinces. These provinces are categorized into the three varying levels of...

This paper focuses on the following questions: What are the major regional development models in China, how can we explain different regional development models (or their origins), and how do they evolve? Different from Rithmire’s review of the new regionalism of China’s political economy...

We estimate the spatial diffusion of housing prices by both geographical and socio-economic linkages across 152 Chinese cities from 2005 to 2018, showing how long and to what magnitude housing prices are affected by shocks emanating from other cities. Along with exploring the diffusion effect to...