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来源类型Working Paper
规范类型报告
DOI10.3386/w11262
来源IDWorking Paper 11262
Urban Structure and Growth
Esteban Rossi-Hansberg; Mark L.J. Wright
发表日期2005-04-18
出版年2005
语种英语
摘要Most economic activity occurs in cities. This creates a tension between local increasing returns, implied by the existence of cities, and aggregate constant returns, implied by balanced growth. To address this tension, we develop a theory of economic growth in an urban environment. We show that the urban structure is the margin that eliminates local increasing returns to yield constant returns to scale in the aggregate, which is sufficient to deliver balanced growth. In a multi-sector economy with specific factors and productivity shocks, the same mechanism leads to a city size distribution that is well described by a power distribution with coefficient one: Zipf's Law. Under certain assumptions our theory produces Zipf's Law exactly. More generally, it produces the systematic deviations from Zipf's Law observed in the data, including the under-representation of small cities and the absence of very large ones. In general, the model identifies the standard deviation of industry productivity shocks as the key parameter determining dispersion in the city size distribution. We present evidence that the relationship between the dispersion of city sizes and the variance of productivity shocks is consistent with the data.
主题Macroeconomics ; Development and Growth ; Growth and Productivity ; Regional and Urban Economics
URLhttps://www.nber.org/papers/w11262
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/568899
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GB/T 7714
Esteban Rossi-Hansberg,Mark L.J. Wright. Urban Structure and Growth. 2005.
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