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Prof Ed Glaeser- "Urban Economics in the US and India"

Prof Ed Glaeser- "Urban Economics in the US and India"

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Published by UrbanKnowledge
Professor Ed Glaeser of Harvard University during World Bank's Special Session during Economic Geography Conference in Seoul, Korea_June 29, 2011
Professor Ed Glaeser of Harvard University during World Bank's Special Session during Economic Geography Conference in Seoul, Korea_June 29, 2011

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Published by: UrbanKnowledge on Jul 13, 2011
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01/12/2014

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Urban Economics inthe U.S. and India
Ed Glaeser(joint work with J-P Chauvin and Kristina Tobio)Harvard University
 
The Knowledge Mismatch
‡
The most important things in cities are happeningin Asia and the most important things in Asia arehappening in cities.
‡
The most significant economic, environmentaland social battles of the 21
st
century may relateto urbanization in India and China.
‡
But much of our knowledge about cities comesfrom the developed world. We dont know theextent to which our wisdom translates.
 
Key Urban Insights
‡
The Spatial Equilibrium is our organizing concept.
‡
Agglomeration economiesproductivity rises withdensity and area size.
‡
Human capital matters both in levels (wages andproductivity) and for growth (population).
‡
There are significant diseconomies of density: disease,congestion, crime.
‡
People increasing move to areas that are pleasant aswell as productive (rise of the consumer city).
‡
Housing policy, especially constraints on supply,matters for quality of life and city growth.

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