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Navigating the Waves of Global Shipping: Drivers and Aggregate Implications joint with Jason Dunn
Fernando Leibovici, Federal Reserve Bank of St. Louis
This paper studies the drivers of global shipping dynamics and their aggregate impli- cations. We document novel evidence on the dynamics of...
Urban-Biased Growth
Conor Walsh, Columbia University
After 1980, larger US cities experienced substantially faster wage growth than smaller ones. We show that this urban bias mainly reflected...
The Long-run Effects of Transportation Productivity on the US Economy
Kerem Coşar, University of Virginia
We quantify the aggregate, regional and sectoral impacts of transportation productivity growth on the US economy over the period 1947-2017....
An 'Austrian' Model of Global Value Chains
Pol Antràs, Harvard University
I develop a stylized model of multi-stage production in which the time length of each stage is endogenously determined. Letting the...
