The smart city, as a new urbanization mode, provides a practicable initiative for achieving
the win-win situation of economic development and environmental protection. This paper …

We study whether, how, and why the investment of a firm depends on the investment of other
firms in the same product market. Using an instrumental variable based on the presence of …

Universities contribute to economic growth and national competitiveness by equipping
students with higher-order thinking and academic skills. Despite large investments in …

Currently, the energy consumption structure is changing from fossil energy consumption to
renewable energy consumption. Therefore, it is important to investigate whether energy …

Income differences across US cities are well documented, but little is known about the level
of standard of living in each city—defined as the amount of market-based consumption that …

This paper estimates the long-term impact of growing up in better neighborhoods and
attending better schools on educational attainment. First, I use a spatial regression …

This paper provides evidence of local innovation spillovers (ie, innovation by one firm
fostering innovation by neighboring firms). First, I document that exogenous shocks to …

How does social spending relate to economic growth and which countries have got this right
and wrong? Peter Lindert examines the experience of countries across the globe to reveal …

This article studies the impact of immigration on wages, internal migration, and welfare.
Using US Census data, I estimate a spatial equilibrium model where labour differs by skill …

This paper analyzes the importance of information technology (IT) in banking for
entrepreneurship. To guide our empirical analysis, we build a parsimonious model of bank …