China’s wealthy cities tended to have low birth rates in past decades, but this relationship has disappeared in conjunction with the substantial relaxation of the one-child policy after 2011. This study develops a conceptual framework for the relationship between average household wealth and...

Central cities in metropolitan areas are attractive to both residents and businesses, but there is insufficient space to accommodate both. As a result, residential and commercial properties compete for land. By examining the long-term impact of a real estate bubble on the land-use pattern of...

By exploiting the 1995 Hanshin earthquake, which occurred in Japan, as an exogenous shock to the container shipping industry of northeastern Asia, this study provides an empirical relevance of the role of transport density economies in shaping the transport geography. The Hanshin earthquake...

This study investigates how industries with different patterns of firm heterogeneity are distributed across countries by developing a three-sector general-equilibrium model. There are two manufacturing industries in our setting: one in which firm productivity is homogeneous and the other in...

Our study shows that land price fluctuations are an important factor affecting suburbanization and gentrification of large cities. During a period of economic ascent, the rise of property prices favors commercial and office land use in central city areas, increasing their daytime population...

This study investigates how industries with different patterns of firm heterogeneity are distributed across countries by developing a three-sector general-equilibrium model. There are two manufacturing industries in our setting: one in which firm productivity is homogeneous and the other in...

Our study shows that land price fluctuations are an important factor affecting suburbanization and gentrification of large cities. During a period of economic ascent, the rise of property prices favors commercial and office land use in central city areas, increasing their daytime population...

By examining the impact of a real estate bubble on residential distribution in Tokyo and Osaka, we show that land price fluctuations influence the residential location choice within a metropolitan area. During a period of rising land prices, land developers favor commercial development over...

Despite the theoretical predictions that multiple equilibria exist in urban spatial structure, there remains a dearth of related empirical literature. This study adopts the 1995 Hanshin earthquake, which devastated the major city of Kobe (Japan), as a natural experiment to investigate the...

By exploiting the 1995 Hanshin earthquake, which occurred in Japan, as an exogenous shock to the container shipping industry of northeastern Asia, this study provides an empirical relevance of the role of transport density economies in shaping the transport geography. The Hanshin earthquake...