TOPICS : Globalisation

WORKING PAPERS

AGGLOMERATION AND HUMAN CAPITAL

Yujiang River Chen, Coen Teulings CEPR Discussion Paper DP20201 05 May 2025 The high return to human capital on GDP per capita in cross-sections of countries or regions up to 50% is puzzling. We develop a spatial model where regions can be organized as either rural areas or monocentric cities. Both human [..]