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Financial development and city growth: evidence from Northeastern American cities, 1790-1870

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dc.contributor.authorBodenhorn, Howard
dc.contributor.authorCuberes, David
dc.date.accessioned2017-10-18T14:53:24Z
dc.date.available2017-10-18T14:53:24Z
dc.date.issued2010
dc.description.abstractWe find a positive and strong correlation between financial development and subsequent city growth in the Northeastern United States between 1790 and 1870. The correlation is robust to controls for geographical characteristics of the city, the percentatge of population working in different sectors, and its initial population. Our estimates suggest that the presence of a bank at a given location increases its subsequent growth by one to two percentage points per year. Because urban growth was correlated with econòmic development in the nineteenth-century US, we believe our results provide further suport for the finance-growth nexus.ca
dc.format.extent42 p.
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/2445/116766
dc.language.isoengca
dc.publisherInstitut d’Economia de Barcelonaca
dc.relation.isformatofReproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions
dc.relation.ispartofIEB Working Paper 2010/35
dc.relation.ispartofseries[WP E-IEB10/35]cat
dc.rightscc-by-nc-nd, (c) Bodenhorn et al., 2010
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessca
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.sourceIEB (Institut d’Economia de Barcelona) – Working Papers
dc.subject.classificationCreixement econòmiccat
dc.subject.classificationCiutatscat
dc.subject.classificationPoblació
dc.subject.otherEconomic growtheng
dc.subject.otherCities and townseng
dc.subject.otherPopulation
dc.titleFinancial development and city growth: evidence from Northeastern American cities, 1790-1870ca
dc.typeinfo:eu-repo/semantics/workingPaperca

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