INCREASING RETURN TO SMART CITIES

Hans Lööf () and Pardis Nabavi

No 274, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: Increased urbanization, global warming and sustainable growth belong to the major contemporary policy challenges. Today cities are home to more than 50% of the world population, the largest 600 urban centers generate about 60% of global GDP, and the agglomerated areas are responsible for 75% of world carbon emissions. The UN estimates that 70% of the world's growing population will live in cities by 2050. At the same time the world population is expected to increase from 7 billion people to 9 billion. Thus, the total number of people living in cities will be almost doubled within a period of less than 4 decades. This paper discusses two hypotheses on how this will affect climate change and economic growth.

Keywords: Agglomeration economies; climate change; innovation; growth (search for similar items in EconPapers)
JEL-codes: O18 O31 Q54 Q55 R11 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2012-04-27, Revised 2012-09-26
New Economics Papers: this item is included in nep-ene, nep-env, nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Increasing returns to smart cities (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:cesisp:0274

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