
10/06/2022
Seminario de Investigación ECOBAS: Diego Puga (Centro de Estudios Monetarios y Financieros)
“Urban growth and its aggregate implications” (With Gilles Duranton)
Venres 10 de xuño ás 13.00h (CEST)
SEMINARIO EN MODALIDADE MIXTA
PRESENCIAL: Aula Seminario 8 da Facultade de Ciencias Económicas e Empresariais da Universidade de Vigo
ONLINE: https://us06web.zoom.us/j/89984543484?pwd=YUdyZW1jQVphS1R2SXZqcUEvT09TQT09
Máis información sobre o relator
Abstract: We develop an urban growth model where human capital spillovers foster entrepreneurship and learning in heterogeneous cities. Incumbent residents limit city expansion through planning regulations so that commuting and housing costs do not outweigh productivity gains. The model builds on strong microfoundations, matches key regularities at the city and economy-wide levels, and generates novel predictions for which we provide evidence. It can be quantified relying on few parameters, provides a basis to estimate the main ones, and remains transparent regarding its mechanisms. We examine various counterfactuals to assess the effect of cities on economic growth and aggregate income quantitatively.
Máis información sobre o relator
Abstract: We develop an urban growth model where human capital spillovers foster entrepreneurship and learning in heterogeneous cities. Incumbent residents limit city expansion through planning regulations so that commuting and housing costs do not outweigh productivity gains. The model builds on strong microfoundations, matches key regularities at the city and economy-wide levels, and generates novel predictions for which we provide evidence. It can be quantified relying on few parameters, provides a basis to estimate the main ones, and remains transparent regarding its mechanisms. We examine various counterfactuals to assess the effect of cities on economic growth and aggregate income quantitatively.