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UID:2ed7f2bfbe28568c1e77bd64bdc30fd9
CATEGORIES:Seminars
CREATED:20170421T183812
SUMMARY:Diego Puga - CEMFI
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Urban growth and its aggregate implications\nAbstract:\n We develop an urba
 n growth model where human capital promotes entrepreneurship and raises cit
 y productivity. Land-use regulation balances commuting and housing costs ag
 ainst productivity gains to benefit local residents. Systematic determinant
 s and productivity shocks drive city growth, generating realistic city-size
  distributions. Cities experience parallel growth in expectation, while sub
 ject to ups and downs around this common trend. Growth of existing cities a
 nd net city entry accommodate aggregate population growth. Matching key emp
 irical moments at the city and economy-wide levels, we explore the contribu
 tion of cities to aggregate growth and income levels and the economy-wide c
 onsequences of land use regulations.\n
DTSTAMP:20260406T054610Z
DTSTART:20161128T173000Z
DTEND:20161128T190000Z
SEQUENCE:0
TRANSP:OPAQUE
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