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Urban evolutions: the fast, the slow, and the still

Duranton, Gilles (2007) Urban evolutions: the fast, the slow, and the still. American Economic Review, 97 (1). pp. 197-221. ISSN 0002-8282

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Abstract

With the use of French and US data, new and systematic evidence is provided about the rapid location changes of industries across cities (the fast). Cities are also slowly moving up and down the urban hierarchy (the slow), while the size distribution of cities is skewed to the right and very stable (the still). The model proposed here reproduces these three features. Small, innovation-driven shocks lead to the churning of industries across cities. Then, cities slowly grow or decline following net gains or losses of industries. These changes occur within a stable distribution. The quantitative implications of the model are also explored.

Item Type: Article
Official URL: http://www.aeaweb.org/aer/
Additional Information: © 2008 AER
Library of Congress subject classification: H Social Sciences > HB Economic Theory
Journal of Economic Literature Classification System: R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R12 - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade
R - Urban, Rural, and Regional Economics > R3 - Production Analysis and Firm Location > R32 - Other Production and Pricing Analysis
Sets: Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 16 Jul 2008 13:29
URL: http://eprints.lse.ac.uk/14919/

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