According to the World Bank, cities account for only 55% of Earth’s population, and generate more than 80% of the global GDP. They also often have a high economic growth. An Oxford study estimated Paris’ growth rate between 2019 and 2035 to be approximately 1.7%. But how can we explain this urban economic growth? The economists Christian Ghiglino, Kazuo Nishimura, and Alain Venditti aim to respond to this question by using a model that combines two major economic theories.
May 25th 2022
