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DESCRIPTION:'The Death and Life of Great British Cities'\n\nDavid Nagy (CRE
 I)\n	November 25\, 2022\, 3:30 to 5:00 PM\n	Leacock 429\n\nHost: Nicolas Gen
 dron-Carrier\n	Field: Urban/Macro\n\nAbstract:\n	This paper studies how indu
 stries shape the life and death of cities. Our analysis exploits the large
  heterogeneity in the early composition of English and Welsh cities. We fi
 rst extract built-up clusters from early historical maps\, identify (small
  and large) settlements at the onset of the nineteenth century\, and isola
 te exogenous variation in the nature of their rise during the transformati
 on of the economy up to the end of the nineteenth century. We then estimat
 e the causal impact at the city-level of the early growth and specializati
 on on the later dynamics of cities: Cities which specialize in a few indus
 tries experience a decline in the long run. We develop a dynamic spatial m
 odel of cities to isolate the forces which govern their life and death. In
  a static setting\, the model captures the role of land\, local productivi
 ty\, and (internal and external) trade in explaining the allocation of eco
 nomic activity across industries and cities. Intertemporally\, the model d
 isentangles the role of aggregate industry dynamics from city-specific ext
 ernalities. We find that the long-run dynamics of English and Welsh cities
  is explained to a large extent by such dynamic externalities a la Jacobs.
 \n
DTSTART:20221125T203000Z
DTEND:20221125T220000Z
LOCATION:Room 429\, Leacock Building\, CA\, QC\, Montreal\, H3A 2T7\, 855 r
 ue Sherbrooke Ouest
SUMMARY:David Nagy (CREI)\, 'The Death and Life of Great British Cities' 
URL:/economics/channels/event/david-nagy-crei-death-an
 d-life-great-british-cities-340870
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