This paper presents an empirical study of the links between metropolitan spatial structure and economic growth. Consistent with an urban evolution hypothesis, the growth effects of employment dispersion were found to be dependent on metropolitan size. A metropolitan area with a more clustered...

Adam Smith was one of the first to call attention to economic growth differences among nations. He described how the workings of markets, specifically the extent of specialization in production, offer a plausible explanation of these differentials. This idea has been enriched over the years with...

Fluctuations in the stock market and in house values over the course of recent years have led to renewed macroeconomic policy debate as regards the effects of financial and housing wealth in the determination of consumer spending. This research assembles a unique matched sample of household data...