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Working Paper
Cross-border Patenting, Globalization, and Development
Martinez-Zarzoso, Immaculada; LaBelle, Jesse; Yotov, Yoto; Santacreu, Ana Maria (2024-01)
We build a stylized model that captures the relationships between cross-border patenting, globalization, and development. Our theory delivers a gravity equation for cross-border patents. To test the model’s predictions, we compile a new dataset that tracks patents within and between countries and industries, for 1980-2019. The econometric analysis reveals a strong, positive impact of policy and globalization on cross-border patent flows, especially from North to South. A counterfactual welfare analysis suggests that the increase in patent flows from North to South has benefited both ...
Working Papers , Paper 2023-031

Journal Article
Mapping Our Community: Residential Segregation in Mt. Airy and in Philadelphia
DeMaria, Kyle (2016-01)
The West Mt. Airy neighborhood of Philadelphia has been nationally recognized for its efforts to intentionally promote racial integration and neighborhood stability since the 1950s.1 In the more than 50 years since then, residents understand the challenges to integration through a new lens and remain passionate about creating a neighborhood of diversity and inclusion. A contemporary challenge to racial integration in Mt. Airy focuses on the concern that rising housing costs will lead to the displacement of current residents and will inhibit lower-income residents from moving into the ...
Cascade , Volume 4

Working Paper
The great housing boom of China
Chen, Kaiji; Wen, Yi (2015-11-01)
China's housing prices have been growing nearly twice as fast as national income in the past decade despite (1) a phenomenal rate of return to capital and (2) an alarmingly high vacancy rate. This paper interprets such a prolonged paradoxical housing boom as a rational bubble that emerges naturally from China's large-scale economic transition, featuring an exceptionally high rate of return to capital driven by massive resource reallocation. Because such primarily resource-reallocation-driven high capital returns are not sustainable in the long run, expectations of high future demand for ...
FRB Atlanta CQER Working Paper , Paper 2015-3

Journal Article
Resident Engagement: Effective Strategies for Community Building
Diavua, Sydney (2016-01)
Community-building initiatives bring together a number of stakeholders to set goals and implement activities to revitalize neighborhoods. As part of this process, organizations seek ways to incorporate resident input and increase resident engagement. Intermediaries and technical assistance organizations such as the Local Initiatives Support Corporation (LISC) provide strategies and best practices to solicit resident ideas and to encourage residents to participate in the process of building a community. According to the LISC Institute for Comprehensive Community Development, ?The work of ...
Cascade , Volume 4

Working Paper
Structural Change in Labor Supply and Cross-Country Differences in Hours Worked
Tsujiyama, Hitoshi; Bick, Alexander; Lagakos, David; Fuchs-Schündeln, Nicola (2022-03-28)
This paper studies how structural change in labor supply along the development spectrum shapes cross-country differences in hours worked. We emphasize two main forces: sectoralreallocation from self-employment to wage work, and declining fixed costs of wage work. We show that these forces are crucial for understanding how the extensive margin (the employment rate) and intensive margin (hours per worker) of aggregate hours worked vary with income per capita. To do so we build and estimate a quantitative model of labor supply featuring a traditional self-employment sector and a modern ...
Working Papers , Paper 2022-006

Journal Article
Financing hope
Altman, Frank L. (2006)
Community Development Innovation Review , Issue 1 , Pages 65-67

Working Paper
Institutions Do Not Rule: Reassessing the Driving Forces of Economic Development
Wen, Yi; Luo, Jinfeng (2015-01-16)
The pursuit to uncover the driving forces behind cross-country income gaps has divided economists into two major camps: One emphasizes institutions, while the other stresses non-institutional forces such as geography. Each school of thought has its own theoretical foundation and empirical support, but they share an implicit hypothesis?the forces driving economic development remain the same regardless of a country?s stage of development. Such hypothesis implies a theory that the process of development in human history is a continuous improvement in income levels, driven by the same forces, and ...
Working Papers , Paper 2015-1

Working Paper
Cross-border Patenting, Globalization, and Development
Martinez-Zarzoso, Immaculada; LaBelle, Jesse; Yotov, Yoto; Santacreu, Ana Maria (2024-06)
We build a quantitative model that captures the relationships between cross-border patenting, globalization, and development. Our theory delivers a ‘structural gravity’ equation for cross-border patents. To test the model’s predictions, we compile a new dataset that tracks patents within and between countries and industries over time. The econometric analysis reveals a strong, positive impact of policy and globalization on cross-border patent flows between 1995 and 2018, especially from North to South. A counterfactual analysis shows these North-to-South flows benefited both regions, ...
Working Papers , Paper 2023-031

Journal Article
Anchor Institutions: Addressing Community Needs
Dolkart, Peter (2016-01)
How can anchor institutions catalyze change and positively impact the neighborhoods and communities that surround them? In her 20 years of research, Kathryn Edin, distinguished professor in the Department of Sociology at Johns Hopkins University, has chronicled the loss of the rich network of neighborhood institutions that knit communities together and create ?social cohesion.?
Cascade , Volume 4

Report
RBC Methodology and the Development of Aggregate Economic Theory
Prescott, Edward C. (2016-02-08)
This essay reviews the development of neoclassical growth theory, a unified theory of aggregate economic phenomena that was first used to study business cycles and aggregate labor supply. Subsequently, the theory has been used to understand asset pricing, growth miracles and disasters, monetary economics, capital accounts, aggregate public finance, economic development, and foreign direct investment. {{p}} The focus of this essay is on real business cycle (RBC) methodology. Those who employ the discipline behind the methodology to address various quantitative questions come up with ...
Staff Report , Paper 527

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