American Economic Journal: Applied Economics · 2021 · Richard Bluhm、Christian Leßmann、Paul Schaudt
中文摘要
我们研究了地区首府与城市发展之间的联系。我们利用1987年至2018年间全球数百项一级行政区和首府城市改革的新数据，估计首府城市溢价。获得首府地位会在中期提升城市增长率，并溢出至邻近城市。首府溢价随该城市所辖地域规模而变化，且政治地位与有利的经济基本面相辅相成。我们记录了两种机制：受教育人口向首府城市迁移，以及公共和私人投资增加，其中私人投资更青睐经济基本面较强的首府城市。（JEL D72, E22, H54, O18, R11, R12, R58）
Abstract
We study the link between regional capitals and urban development. We exploit new global data on hundreds of first-order administrative and capital city reforms from 1987 until 2018 to estimate the capital city premium. Gaining capital status increases city growth in the medium term, spilling over to nearby cities. The capital premium varies with the size of the territory governed by the city, and political status complements favorable economic fundamentals. We document two mechanisms: migration of educated individuals to capital cities and heightened public and private investment, with private investment favoring capital cities with stronger economic fundamentals. (JEL D72, E22, H54, O18, R11, R12, R58)