EconPapers    
Economics at your fingertips  
 

42 Years of Urban Growth and Industry Composition

Andrew Perumal ()
Additional contact information
Andrew Perumal: University of Massachusetts Boston

Atlantic Economic Journal, 2017, vol. 45, issue 2, 133-147

Abstract: Abstract In recent decades, knowledge spillovers have taken the helm as the driving force of growth in cities. The ease of communicating ideas and the sheer density of large urban areas have made this a plausible explanation for continued growth of employment and population in cities. However, there is little consensus on the nature of the optimal conditions for stimulating knowledge spillovers. This paper identifies these optimal conditions by exploring the relative importance of industry specialization, diversity and competition across all industries and all metropolitan areas from 1970 to 2011 in the U.S. Long-term employment growth in cities is found to be driven by industry diversity combined with a high level of competition. This combination fosters the greatest amount of cross-industry fertilization of ideas and knowledge spillovers.

Keywords: Urban growth; Agglomeration; Diversity; Specialization; Competition; O1; R0; R1 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11293-017-9541-y Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:atlecj:v:45:y:2017:i:2:d:10.1007_s11293-017-9541-y

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11293/PS2

Access Statistics for this article

Atlantic Economic Journal is currently edited by Kathleen S. Virgo

More articles in Atlantic Economic Journal from Springer, International Atlantic Economic Society Contact information at EDIRC.
Series data maintained by Sonal Shukla ().

 
Page updated 2018-02-15
Handle: RePEc:kap:atlecj:v:45:y:2017:i:2:d:10.1007_s11293-017-9541-y