Spatial skill concentration agglomeration economies

Using the Brazilian census and administrative panel data, the present paper provides evidence that the spatial concentration of analytical skills generates positive wage externalities for all workers in the local labor market. We rely on shift‐share instrumental variables to overcome the endogeneity of skill concentrations. The observed externality is independent from the classical market size economies. The estimates are robust to geography, institutions and workers' sorting on unobservable abilities.     

Elastic labor supply and agglomeration

This study analyzes the interplay between the agglomeration of economic activities and interregional differences in working hours, which are typically longer in large cities, as they are normally more developed than small cities. For this purpose, we develop a two‐region model with endogenous labor supply. Although we assume a symmetric distribution of immobile workers, the symmetric equilibrium breaks in the sense that firms may agglomerate when trade costs are intermediate and labor supply is elastic. We also show that the price index is always lower, while labor supply, per capita income, real wages, and welfare are always higher in the more agglomerated region.     

San Juan,the Fragile City: Finance Capital,Class, and the Making of Puerto Rico's Economic Crisis

This paper narrates Puerto Rico's fiscal and financial crisis through a reading of San Juan's urban landscape. We underscore the role of capital in the city, primarily embodied by the local capitalist class (the Criollo bloc) and foreign capitalists. Historically excluded from the manufacturing sector (dominated by US capitalists), the Criollo bloc accumulates its wealth by concentrating financial assets in the city. In times of crisis, the Criollo bloc resorts to the acquisition of new assets and asset exchange with foreign capitalists to remain solvent and provide short‐term solutions to the state's fiscal and financial limits. The survival of the local capitalist class, we demonstrate, is dependent on asset stripping. Drawing on Clyde Woods, we document how asset stripping unevenly redistributes wealth and risks along class and racial lines within a colonial economy. The finance capital/asset stripping basis of San Juan's economy renders it an extremely fragile city, we contend.     

抗战时期的国统区农村金融--以农村合作金融事业为中心

抗日战争爆发后,南京政府认识到抗战将是持久战,持久抗战的关键之一在于农村能否持久地提供支持。因而,维持和发展农村经济就成为坚持抗战的重要一环。而维持和发展农村经济的关键又在于是否能够为农村提供金融支持。本文以台湾"中研院"近代史研究所档案馆藏有关资料为中心,特别是农林部中央农业实验所农业经济系所作的农村金融调查资料,辅以其他史料,对1939年至1944年间国统区15个省的农村金融借贷、放款利率、放款期限、借贷办法、放款机关等情况进行具体考察,分析和观察其成效与特点,并与抗战前后的情况进行比较,以期对抗战时期国统区的农村金融发展和演变情况,有一个较为清晰的认识。     

Opportunities and competition in thick labor markets: Evidence from plant closures

Since Marshall (1890), it has been widely held in urban economic theory that cities insure workers against the risk of unemployment by offering a larger pool of potential jobs. Using a large administrative panel data set on workers displaced as a result of plant closures, we examine whether positive effects from a higher urban job density are offset by more intense competition between workers. When controlling for the sorting of workers between regions, we find robust evidence that the effect of job competition on unemployment duration exceeds that of job opportunities in absolute value. Our results put the idea of urban risk-sharing into perspective and provide an explanation for observed longer unemployment durations in cities.     

Platform Capitalism’s Hidden Abode: Producing Data Assets in the Gig Economy

In this article, we argue that the governance of gig work under conditions of financialised platform capitalism is characterised by a process that we call “dual value production”: the monetary value produced by the service provided is augmented by the use and speculative value of the data produced before, during, and after service provision. App-governed gig workers hence function as pivotal conduits in software systems that produce digital data as a particular asset class. We reflect on the production of data assets and the unequal distribution of opportunities for their valorisation, after which we survey a number of strategies seeking data-centric worker empowerment. These strategies, we argue, are crucial attempts to push back against platform capitalism’s domination, bankrolled by what we term “meta-platforms”. Ultimately, it is the massive wealth and synergetic capacities of meta-platforms that constitute the most formidable obstacle to worker power and social justice in increasingly data-driven societies.     

The Second Coming of Rail: The Spanish High-Speed Rail-Finance Complex

This article offers a critical account of Spanish high-speed rail (HSR) through the lens of the spatial fix. I designate the integration of Spanish HSR into a European-wide process of circulation of finance capital as the HSR-finance complex. The analysis of the inner workings of the HSR-finance complex reveals the way in which European finance has laid the conditions of possibility for the development of the project and offers a forewarning about the dangers of leveraging finance capital toward green infrastructure. The analysis of the Spanish HSR-finance complex shows that the particular form of capital circulation that has made it possible has not brought about new productive combinations but has instead deepened traditional relations of economic dependency and magnified their socioenvironmental consequences.     

A novel typology of media clusters

Is the clustering of audio-visual companies in London’s Soho really the same as the clustering of Berlin’s new media industry? The media cluster approach has gained a lot of attention not only in academia, but also in political discourse. But, as appealing as the media cluster concept is, one of the most fundamental issues is the comparability of the phenomenon. This article tackles this issue and an analysis of 43 case studies has been conducted. The case studies have been grouped to find a new typology for media clusters. The research revealed six different types: The Creative Region, the Giant Anchor, the Specialized Area, the Attracting Enabler, the Real Estate and the Pooling Initiative. The typologies showed that they distinguish especially in their geographical scale and specialization in media activities, while at the same time cluster types can be found in the same area. They are driven by four rationales: agglomeration, urbanization, localization economies and artificial formation.     

Assessing the contribution of cultural agglomeration in urban regeneration through developing cultural strategies

The recent discussion regarding contemporary urban regeneration has underlined the increasing role of art and cultural agglomeration as an essential part of a progressive agenda for local development. In fact, there is a good deal of literature which is related to specific and finite cultural strategies. Although scholars, in some cases, may suggest other perspectives, their value narrows to a comprehensive evaluation regarding the possible interpretation of cultural agglomeration in respect of urban regeneration. Accordingly, this study, by using an interdisciplinary systemic approach based on the clustering of cultural carriers, developed the cultural strategies under a six concepts scheme. The study then, through developing a method based on modes and development approach of cultural agglomeration, recategorized the six mentioned strategies into three major categories of cultural strategies, to find out their contribution in the process of urban regeneration. Overall, the study revealed the extent of cultural agglomeration as a method of developing cultural strategies in urban regeneration.