Growth in a Cross-section of Cities: Location, Increasing Returns or Random Growth?

By Rafael González‐Val, Jose Olmo. 2015

164 citations recorded by the source corpus.

Abstract This article analyses empirically the main existing theories on income and population city growth: increasing returns to scale, locational fundamentals and random growth. To do this we consider a large database of urban, climatological and macroeconomic data from 1,173 US cities observed in 1990 and 2000. The econometric model is robust to the presence of spatial effects. Our analysis shows the existence of increasing returns and two distinct equilibria in per-capita income and population growth. We also find important differences in the structure of productive activity, unemployment rates and geographical location between cities in low-income and high-income regimes.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/6d708d1bdedd297ceb37b0972b4754c78ff342df

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In Economics and Econometrics

1. Jeremiah Dittmar
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3. Kevin H. O'Rourke
4. Alan Fernihough

Citations in the corpus

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