| 来源类型 | Discussion paper
|
| 规范类型 | 论文
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| 来源ID | DP6974
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| DP6974 Corporate Governance, Product Market Competition, and Equity Prices |
| Holger Mueller; Xavier Giroud
|
| 发表日期 | 2008-09-23
|
| 出版年 | 2008
|
| 语种 | 英语
|
| 摘要 | We investigate the impact of within-country spatial concentration of economic activity on country-level growth, using cross-section OLS and dynamic panel GMM estimation. Agglomeration is measured alternatively through measures of urbanization and through indices of spatial concentration based on data for sub-national regions. Across estimation techniques, data sets and variable definitions, we find evidence that supports the "Williamson hypothesis": agglomeration boosts GDP growth only up to a certain level of economic development. The critical level is estimated at some USD 10,000, corresponding roughly to the current per-capita income level of Brazil or Bulgaria. This implies that the tradeoff between national growth and inter-regional equality may gradually lose its relevance. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Agglomeration
Dynamic panel estimation
Economic growth
Urbanisation
|
| URL | https://cepr.org/publications/dp6974
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535811
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推荐引用方式
GB/T 7714 |
Holger Mueller,Xavier Giroud. DP6974 Corporate Governance, Product Market Competition, and Equity Prices. 2008.
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