Showing 1 - 10 of 81
How effective are policies aimed at integrating isolated regions? We answer this question in the context of a highway system in one of the poorest regions in the United States. With construction starting in 1965, the Appalachian Development Highway System ultimately consisted of over 2,500...
Persistent link: https://www.econbiz.de/10012996884
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1940 (Latin America …, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial … an early effort to identify the sources underlying the spread of the industrial revolution to the poor periphery …
Persistent link: https://www.econbiz.de/10013138324
This paper documents industrial output growth around the poor periphery (Latin America, the European periphery, the …
Persistent link: https://www.econbiz.de/10013103787
We study the long run effects of one of the most ambitious regional development programs in U.S. history: the Tennessee Valley Authority (TVA). Using as controls authorities that were proposed but never approved by Congress, we find that the TVA led to large gains in agricultural employment that...
Persistent link: https://www.econbiz.de/10013063298
This paper estimates the Rybczynski equation matrix for the twenty two-digit U.S." manufacturing industries for various years between 1880 and 1987. As predicted by the standard" general equilibrium theory of interregional trade, the regression estimates show that a consistent" set of factor...
Persistent link: https://www.econbiz.de/10013324461
Many studies of regional disparity in China have focused on the preferential policies received by the coastal provinces. We decomposed the location dummies in provincial growth regressions to obtain estimates of the effects of geography and policy on provincial growth rates in 1996-99. Their...
Persistent link: https://www.econbiz.de/10013231579
inflation-prone Periphery Countries that use an exchange rate peg as an anti- inflationary device, when the Center is hit by an … aggregate demand shock. Cooperation in the Periphery is constrained to be symmetric: costs and benefits must be equal for all …. The first is when the constrained cooperative response of the Periphery is a moderate common devaluation while the non …
Persistent link: https://www.econbiz.de/10013219188
Most countries in the periphery specialized in the export of just a handful of primary products for most of their …. Additionally, both effects were asymmetric between Core and Periphery, findings that speak directly to the terms of trade debates …
Persistent link: https://www.econbiz.de/10013222998
manufacturing, but when transport costs fall below a critical value a core-periphery pattern spontaneously forms, and nations that … find themselves in the periphery suffer a decline in real income. At still lower transport costs there is convergence of …
Persistent link: https://www.econbiz.de/10013224686
This paper studies how financial turbulence in emerging market countries can spread across borders. We construct indices of financial globalization' and evaluate the repercussions of turmoil in three emerging markets, which experienced financial crises in the late 1990s: Brazil, Russia, and...
Persistent link: https://www.econbiz.de/10013226155