| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4219 |
| DP4219 Go Public or Stay Private: A Theory of Entrepreneurial Choice | |
| Anjan Thakor; Arnoud Boot; Radhakrishnan Gopalan | |
| 发表日期 | 2004-02-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We use data on wages and rents in different US cities to assess the amenity effects on production and consumption of cultural diversity as measured by diversity of countries of birth of city residents. We show that US-born citizens living in metropolitan areas where the share of foreign-born increased between 1970 and 1990 have experienced a significant average increase in their wage and in the rental price of their housing. Such finding is economically significant and robust to omitted variable bias and endogeneity bias. We then present a model in which cultural diversity may have both production and consumption amenity or disamenity effects. As people and firms are mobile across cities in the long run, the model implies that the joint results from the wage and rent regressions are consistent with a dominant production amenity effect of cultural diversity. |
| 主题 | International Trade and Regional Economics |
| 关键词 | R00 Cultural diversity Productivity Local amenities Urban economics |
| URL | https://cepr.org/publications/dp4219 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533188 |
| 推荐引用方式 GB/T 7714 | Anjan Thakor,Arnoud Boot,Radhakrishnan Gopalan. DP4219 Go Public or Stay Private: A Theory of Entrepreneurial Choice. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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