| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6427 |
| DP6427 Multiple Growth Regimes ? Insights from Unified Growth Theory | |
| Oded Galor | |
| 发表日期 | 2007-08-17 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | U.S. county data for the last 20 or 30 years show that manufacturing employment has been deconcentrating. In contrast, the service sector exhibits concentration in counties with intermediate levels of employment. This paper presents a theory where local sectoral growth is driven by technological diffusion across space. The age of an industry -- measured as the time elapsed since the last major general purpose technology innovation in the sector -- determines the pattern of scale dependence in growth rates. Young industries exhibit non-monotone relationships between employment levels and growth rates, while old industries experience negative scale dependence in growth rates. The model then predicts that the relationship between county employment growth rates and county employment levels in manufacturing at the turn of the 20th century should be similar to the same relationship in services in the last 20 years. We provide evidence consistent with this prediction. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Industry age Scale dependence Spatial growth Us counties |
| URL | https://cepr.org/publications/dp6427 |
| 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/535265 |
| 推荐引用方式 GB/T 7714 | Oded Galor. DP6427 Multiple Growth Regimes ? Insights from Unified Growth Theory. 2007. |
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