Interjurisdictional Competition and Economic Growth in U.S. Metropolitan Areas

Author(s):  
Dean Stansel
2018 ◽  
Vol 51 (3) ◽  
pp. 598-616 ◽  
Author(s):  
Jaewoo Cho ◽  
Jae Hong Kim ◽  
Yonsu Kim

While much scholarly attention has been paid to ways in which metropolitan areas are politically structured and operated to achieve a dual goal, economic growth, and equality, relatively less is known about the complex relationship between metropolitan governance structures and growth–inequality dynamics. This study investigates how and to what extent metropolitan governance structures shape regional economic growth and inequality trajectories using data for 267 US metropolitan areas from 1990 to 2010. Findings from a two-stage least squares regression analysis suggest that economic growth is associated with governance structures in a nonlinear fashion, with relatively more rapid growth rates in both highly centralized and decentralized metropolitan areas. However, these regions are also found to experience a larger increase in income inequality, indicating an important trade-off to be considered carefully in exploring ways to reform existing governance settings. These findings further suggest that the so-called growth–inequality trade-off may exist not only in their direct interactions but through their connections via governance or other variables.


Urban Studies ◽  
2020 ◽  
Vol 58 (1) ◽  
pp. 223-242 ◽  
Author(s):  
Stefanos Ioannou ◽  
Dariusz Wójcik

We examine the relationship between finance and economic growth in the metropolitan areas of 75 countries at various stages of economic development in the period 2001–2015. Our analysis demonstrates an inverted-U shaped relationship between finance and growth. This relationship becomes even more significant in the areas of a country outside its largest financial centre, indicating that while these areas can benefit from financial development, they are also the most vulnerable. We show that large financial centres can have an impact on growth across their national economies, but in doing so they complement rather than replace local financial centres. Overall, our results highlight the risks associated with the excesses of financial development and lend evidence to support calls for more decentralised financial systems.


2019 ◽  
Vol 11 (02) ◽  
pp. 34-45
Author(s):  
Tuan Yuen KONG

E-commerce is one of the main drivers of Chinese economic growth in not only metropolitan areas with convenient payment methods, but also rural areas with efficient logistics arrangements. Various third-party online payment methods and new festivals as well as information technology investments were introduced to stimulate e-commerce development. The Chinese government had raised the idea of encouraging various innovative ways of doing business and to incubate creative ideas online.


Urban Studies ◽  
2013 ◽  
Vol 50 (13) ◽  
pp. 2642-2660 ◽  
Author(s):  
Huiping Li ◽  
Harrison Campbell ◽  
Steven Fernandez

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