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Prime locations

Ahlfeldt, Gabriel M., Albers, Thilo and Behrens, Kristian (2020) Prime locations. CEP Discussion Papers (1725). Centre for Economic Performance, LSE, London, UK.

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Abstract

We harness big data to detect prime locations - large clusters of knowledge-based tradable services - in 125 global cities and track changes in the within-city geography of prime service jobs over a century. Historically smaller cities that did not develop early public transit networks are less concentrated today and have prime locations farther from their historic cores. We rationalize these findings in an agentbased model that features extreme agglomeration, multiple equilibria, and path dependence. Both city size and public transit networks anchor city structure. Exploiting major disasters and using a novel instrument - subway potential - we provide causal evidence for these mechanisms and disentangle sizefrom transport network effects.

Item Type: Monograph (Discussion Paper)
Official URL: https://cep.lse.ac.uk/_new/publications/discussion...
Additional Information: © 2020 The Authors
Divisions: Geography & Environment
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HE Transportation and Communications
J Political Science > JS Local government Municipal government
H Social Sciences > HJ Public Finance
JEL classification: R - Urban, Rural, and Regional Economics > R3 - Production Analysis and Firm Location > R38 - Government Policies; Regulatory Policies
R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R52 - Land Use and Other Regulations
R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R58 - Regional Development Policy
Date Deposited: 18 Jan 2021 12:42
Last Modified: 25 Jan 2021 00:58
URI: http://eprints.lse.ac.uk/id/eprint/108470

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