Urbanisation and per capita GDP are well correlated.1 According to a recent estimate by Gilles Duranton using cross-country data for 2012 (see Figure 1), each percentage point of urbanisation is associated with a five-percentage-point increase in GDP per capita, with urbanisation apparently explaining 60% of the variation in incomes.
Making city lights shine brighter
Shahid Yusuf, Danny Leipziger, 3 March 2014
Vox readers can download CEPR Policy Insight 71 for free here.
Making city lights burn brighter
Danny Leipziger, Shahid Yusuf, 3 March 2014
Historical trends of agglomeration to the capital region
Takatoshi Tabuchi, 28 November 2013
The first stylised fact about regional population distribution is the steady progress of urbanisation. As shown in Figure 1, the urban population percentage has been steadily growing for a long time all over the world (United Nations 2011).
Figure 1. Urban population share by major geographical area
Competing successfully in a globalising world: Lessons from Lancashire
Nicholas Crafts, Nikolaus Wolf, 22 October 2013
The ‘first globalisation’ of the 19th century – driven by the substantial falls in trade costs associated with the age of steam – saw the ‘First Unbundling’ (Baldwin 2006), in which industrial production and consumption became spatially separated, often by large distances.
Do large departments make academics more productive? Agglomeration and peer effects in research
Clément Bosquet, Pierre-Philippe Combes, 21 June 2013
Every academic has an opinion about what makes a good department. Surprisingly, there are few hard studies quantifying this precisely, although possible implications for an optimal design of education and research policies are numerous. Aghion et al. (2010) is an example of the general recent concern about the optimal design and governance of universities.
Caution to place makers: Greater firm density does not always promote incumbent firm health
William Kerr, Oliver Falck, Christina Günther, Stephan Heblich, 11 February 2013
A common theme in economic geography is that increasing returns to scale at the local level are essential for explaining the geographical distribution of economic activity. These agglomerative forces are often cited as a rationale for policy intervention to attract new firms to areas.
Why policies may need to be place-based in order to be people-centred
Jose Enrique Garcilazo, Joaquim Oliveira Martins, William Tompson, 20 November 2010
In a recent Vox column “Regional Development Policies: Place-Based or People-Centred?”, Indermit Gill (2010), the World Bank’s Chief Economist for the Europe and Central Asia Region, argues strongly for the “spatially blind” approach to regional development policies advocated by the Bank’s 2009 World De
You can raise productivity through R&D, but geography matters a lot
Sergey Lychagin, John Van Reenen, Margaret E Slade, Joris Pinkse, 25 October 2010
President Obama recently proposed increasing the generosity of the US research and development (R&D) tax credit system and making it a permanent feature of the US tax code. This was justified by the idea that more R&D would lead to growth, not just worldwide but particularly in the US.
But such a bold statement raises some fundamental questions:
Multinational firms, agglomeration, and global networks
Laura Alfaro, Maggie Chen, 8 January 2010
Recent decades have witnessed an explosion in the activities of multinational corporations. Sharp declines in trade and telecommunication costs have led to increasing separation of management and production facilities within individual firms. The rise of multinational firms represents a particularly extreme example of expanding geographic distance between firm leadership and production.
Clustering together abroad: South Korean multinationals in China
Peter Debaere, Joon H. Lee , Myungho Paik, 3 June 2009
Foreign direct investment has played a prominent role in the current wave of globalisation. The World Investment Report (UNCTAD, 2008) notes that total worldwide FDI flows in 2007 amounted to 1.8 trillion dollars. More than 25% of these flows were to developing economies.
- What good are children?Deaton, Stone
- Money makes people right-wing and inegalitarianOswald, Powdthavee
- Job polarisation and the decline of middle-class workers’ wagesBoehm
- Searching for sources of inequalityFurceri, Loungani
- Measuring economic progressCoyle
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- How the EZ crisis is permanently changing EU institutionsMicossi
- 21st Century Challenges: The Mobile Middle Class13 - 13 March 2014 / Royal Geographical Society, 1 Kensington Gore, SW7 London / Royal Geographical Society (with IBG)
- The 13th Annual GEP Postgraduate Conference 20141 - 2 May 2014 / Nottingham / Sponsored by Nottingham Centre for Research on Globalisation and Economic Policy (GEP) University of Nottingham, United Kingdom
- Exchange Rates and External Adjustment2 - 3 June 2014 / Zurich / Swiss National Bank