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Title: | Growth in a cross-section of cities: location, increasing returns or random growth? |
Author: | González-Val, Rafael Olmo Arriaga, José Luis del |
Keywords: | Desenvolupament urbà Població urbana Riquesa Models multinivell (Estadística) Urban development City dwellers Wealth Multilevel models (Statistics) |
Issue Date: | 2011 |
Publisher: | Institut d’Economia de Barcelona |
Series/Report no: | [WP E-IEB11/39] |
Abstract: | This article analyzes empirically the main existing theories on income and population city growth: increasing returns to scale, locational fundamentals and random growth. To do this we implement a threshold nonlinearity test that extends standard linear growth regression models to a dataset on urban, climatological and macroeconòmic variables on 1,175 U.S. cities. Our analysis reveals the existence of increasing returns when per-capita income levels are beyond $19; 264. Despite this, income growth is mostly explained by social and locational fundamentals. Population growth also exhibits two distinct equilibria determined by a threshold value of 116,300 inhabitants beyond which city population grows at a higher rate. Income and population growth do not go hand in hand, implying an optimal level of population beyond which income growth stagnates or deteriorates. |
Note: | Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions |
It is part of: | IEB Working Paper 2011/39 |
URI: | http://hdl.handle.net/2445/116590 |
Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
Files in This Item:
File | Description | Size | Format | |
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IEB11-39_GonzalezVal+Olmo.pdf | 338.64 kB | Adobe PDF | View/Open |
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